The Following Information Can Be Found in Manufacturer Company's Financial

The following information can be found in Manufacturer Company's financial statements.
$$\begin{array} { | l | c | c | } \hline & \underline { 2006 } & \underline { 2005 } \\\hline \text { COGS } & \$ 2,500,000 & \$ 2,000,000 \\\hline \text { Inventory } & \$ 180,000 & \$ 140,000 \\\hline \text { Net Income } & \$ 125,000 & \$ 100,000 \\\hline \text { Retained } & \$ 500,000 & \$ 400,000 \\\text { Earnings } & & \\\hline \text { LIFO Reserve } & \$ 40,000 & \$ 30,000 \\\hline \text { Tax Rate } & 40 \% & 40 \% \\\hline\end{array}$$
-If Manufacturer used FIFO its Net Income for fiscal 2006 would be:

A) $ 165,000
B) $ 149,000
C) $ 135,000
D) $ 131,000