Booth Company employs a periodic inventory system and reported the following inventory information for the month of August: August 1 August 6 August 15 Beginning inventory 2,200 units @ $15 cost per unit Sold 1,300 units Purchased 1,700 units @ $25 cost per unit Sold 1,900 units Purchased 900 units @ $24 cost per unit Purchased 700 units @ $19 cost per unit Sold 2,000 units Purchased 1,500 units @ $37 cost per unit August 23 August 26 August 29 August 30 During August, Booth Company reported operating expenses of $23,000 and had an income tax rate of 37%. Using the weighted average method, Booth Company's gross profit for August totaled $70,460. Calculate the amount of net income reported on Booth Company's income statement for August using the LIFO method