(5). Use the following information for the year of 2019. January 1: Beginning inventory of 50 units at $20 per unit April 18: Sales of 30 units at $30 per unit 30: Purchases of 50 units at $10 per unit Fivst arest Pnrchace November 15. Sales of 97 units at $32 per unit December 1: Purchases of 20 units at $15 per Assume that the compant uses the FIFO (First-in, First-out) method. What is the dollar amount of the gross profil that must be reported on the income statement at the end of the year of 2019