During 2021, 34,000 units were purchased for $20 per unit. due to unexpected demand for the company's product, 2021 sales totaled 42,000 units at various prices, leaving 21,000 units in ending inventory. required: 1. calculate the amount to report for cost of goods sold for 2021. 2. determine the amount of lifo liquidation profit that the company must report in a disclosure note to its 2021 financial statements. assume an income tax rate of 25%. 3. if the company decided to purchase an additional 8,000 units at $20 per unit at the end of the year, how much income tax currently payable would be saved?