Esquire Inc uses the LIFO method to value its inventory. Inventory at January 1, 2018, was $888,000 (37,000 units at $24 each) During 2018, 114,000 units were purchased, all at the same price of $29 per unit. 117,000 units were sold during 2018. Esquire uses a periodic inventory system. Assuming an income tax rate of 40%, what is LIFO liquidation profit or loss that the company would report in a disclosure note accompanying its financial statements? on profa (loss)