Given the following data, by how much would taxable income change if LIFO is used rather than FIFO? 
Definitions:
Psychological Preferences
Individual tendencies or inclinations toward certain thoughts, behaviors, or ways of processing information.
Notion
A concept, idea, or understanding formed in the mind.
Self-Concept
Refers to the image or understanding a person has of themselves, including beliefs about personality traits, physical characteristics, abilities, values, goals, and roles.
Self-Efficacy
An individual's belief in their own capability to execute behaviors necessary to produce specific performance attainments.
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