Current Attempt in Progres Splish Company uses the LIFO method for financial reporting purposes but FIFO for internal reporting purposes. At January 1. 2017, the LIFO reserve has a credit balance of $1.186,900. At December 31, 2017, Splish's internal reports indicated that the FIFO inventory balance was $2,717,300 and for external reporting purposes the LIFO inventory balance was $1.434,000. (a) What is the amount of the LIFO reserve and the LIFO effect related to 2017? $ LIFO reserve at December 31, 2017 LIFO effect for 2017