Dave Inc.'s inventory records for a particular development program show the following at December 31 (Click the icon to view the accounting records.) At December 31, 11 of these programs are on hand. Dave Inc. calculated its cost of goods sold using LIFO as $3,024 and its cost of goods sold using FIFO as $2,915. Requirement 1. Sales revenue is $10,080, operating expenses are $1,800, and the income tax rate is 35%. How much in taxes would Dave Inc., save by using the LIFO method versus FIFO? (Round your answer to the nearest whole dollar.) Difference in methods x Income tax rate Tax savings using LIFO Data Table - X Dec 1 Beginning inventory .... 10 units @ $ 160 = $ 1,600 15 Purchase .................. 5 units @ 161 = $ 805 26 Purchase ..................... 14 units @ 170 = $ 2,380 Print Done