ABC Company employs a periodic inventory system and sells its inventory to customers for $24 per unit. ABC Company had the following inventory information available for May: May 1 Beginning inventory 3,300 units @ \$13 cost per unit May 3 Purchased 1,900 units @ \$26 cost per unit May 8 Sold 2,100 units May 13 Purchased 2,500 units @ \$18 cost per unit May 18 Sold 2,900 units May 20 Purchase 1,300 units @ \$31 cost per unit May 24 Sold 900 units May 30 Purchased 2,000 units @ \$19 cost per unit During May, ABC Company reported operating expenses of $5,000 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 LIFO method