Required Information P7-3 (Algo) Evaluating Four Alternative Inventory Methods Based on Income and Cash Flow LO7-2, 7-3 [The following Information applies to the questions displayed below.] At the end of January of the current year, the records of Donner Company showed the following for a particular Item that sold at $15.40 per unit: 3. Between FIFO or LIFO, which method would result In the lower Income tax expense? Assume a 30 percent average tax rate. (Round your answer to 2 decimal places.)