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ABC Corporation adopted the dollar-value LIFO method of inventory valuation on December 31, 2017. Its inventory...

ABC Corporation adopted the dollar-value LIFO method of inventory valuation on December 31, 2017. Its inventory at that date was $1,000,000 and the relevant price index was 1.00. Information regarding inventory for subsequent years is as follows:

Date Inventory at Current Prices Current Price Index
31-Dec-18 $    1,285,200 1.08
31-Dec-19 $ 1,450,000 1.25
31-Dec-20 $    1,625,000 1.3

What is value of the LIFO reserve at December 31, 2019 under dollar-value LIFO?

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