Esquire Incorporated uses the LIFO method to report its inventory. Inventory at the beginning of the year was $600,000 ( 24,000 units at $25 each). During the year, 88,000 units were purchased, all at the same price of $30 per unit. 89,000 units were sold during the year. Assuming an income tax rate of 25%, what is LIFO liquidation profit or loss that the company would report in a disclosure note accompanying its financial statements