ABC Company employs a periodic inventory system and sells its inventory to customers for $46 per unit. ABC Company had the following inventory information available for May: May1May3May8May13May18May20May24May30Beginninginventory2,000units@$20costperunitPurchased2,400units@$24costperunitSold1,800unitsPurchased2,400units@$30costperunitSold1,700unitsPurchase2,200units@$25costperunitSold2,500unitsPurchased1,000units@$11costperunit During May, ABC Company reported operating expenses of $113,000 and had an income tax rate of 35%. Calculate the amount of net income shown on ABC Company's income statement for May using the weighted average method