ABC Company employs a periodic inventory system and sells its inventory to customers for $20 per unit. ABC Company had the following inventory information available for May: May 1 Beginning inventory 1,900 units @ \$10.20 cost per unit May 3 Purchased 2,100 units@\$11.60 cost per unit May 8 Sold 1,400 units May 13 Purchased 3,700 units @ $8.10 cost per unit May 18 Sold 2,600 units May 20 Purchase 4,100 units@\$14.70 cost per unit May 24 Sold 2,900 units May 30 Purchased 2,200 units @ \$12.60 cost per unit During May, ABC Company reported operating expenses of $14,000 and had an income tax rate of 36%. Calculate the amount of net income shown on ABC Company's income statement for May using the LIFO method