McKinley, Inc.'s inventory records for a particular development program show the following at March 31: (Click the icon to view the accounting records.) At March 31. eight of these programs are on hand. Requirement 1. Sales revenue is $7.500, operating expenses are $1,500, and the income tax rate is 25%. How much in taxes would McKinley, Inc. save by using the LIFO method versus FIFO? Requirement 1. Sales revenue is $7,500, operating expenses are $1,500, and the income tax rate is 25%. How much in taxes would McKinley. Inc. save by using the LIFO method versus FIFO? (Round your answer to the nearest whole dollar.) McKinley, Inc.'s inventory records for a particular development program show the following at March 31: (Click the icon to view the accounting records.) At March 31. eight of these programs are on hand. Requirement 1. Sales revenue is $7.500, operating expenses are $1,500, and the income tax rate is 25%. How much in taxes would McKinley, Inc. save by using the LIFO method versus FIFO? Requirement 1. Sales revenue is $7,500, operating expenses are $1,500, and the income tax rate is 25%. How much in taxes would McKinley. Inc. save by using the LIFO method versus FIFO? (Round your answer to the nearest whole dollar.)