Current Attempt in Progress X Your answer is incorrect. Wildhorse Company began operations on January $1,2023$ and uses the FIFO method in costing its raw material inventory. Management is contemplating a change to the LIFO method and is interested in determining what effect such a change will have on net income. Accordingly, the following information has been developed: Based on the above information, a change to the LIFO method in $2024($ignore income tax considerations$)$ would result in net income for $2024$ of $\backslash$$$1280000.\backslash$$$1390000.\backslash$$$1254000.\backslash$$$1060000.$ eTextbook and Media