19. The Patel Merchandising lEorporation beganjune operations with merchandise inventory of 14 units. each of which cost $130. During June. Patel Merchandising made the following purchases: {11 June 5. 25 units @ $132 per unit. {2] June 15, 23 units ({1} $135 per unit, {Bljune 2E, 32 units @ $140 per unit. During June the Company sold the following units at a sales price of $223 per unit: June 8, 15 units; June 2U, 24 units, June 29. 3G units. Dperating expenses in June were 15120:]. The Company estimates its income taxes expense will be approximately 35% of income before taxes. Using the LIFE:I perpetual inventory methodr determine the income taxes expense for June. r\" a. $93 c b. $1.321? c c. $5,000 r' d. $153M) r e. $2,800