ABC Company employs a periodic inventory system and sells its inventory to customers for $28 per unit. ABC Company reported the following inventory information for the month of May: May 1 May 3 May 11 May 16 May 19 May 22 May 26 May 28 Beginning inventory 3,600 units @ $14 cost per unit Purchased 2,800 units @ $11 cost per unit Sold 3,900 units Purchased 4,100 units @ $19 cost per unit Sold 2,100 units Purchased 2,200 units @ $6 cost per unit Sold 1,900 units Purchased 3,300 units @ $13 cost per unit ABC Company reported operating expenses of $34,000 for May and they had an income tax rate of 32%. Calculate the amount of gross profit shown on ABC Company's income statement for May using the FIFO method