Crane Industries had the following inventory transactions occur during 2020: Units Cost/unit $40 2/1/20 Purchase 50 3/14/20 Purchase 96 $40 5/1/20 Purchase 60 $45 The company sold 140 units at $60 each and has a tax rate of 20%. There is no beginning inventory. Assuming that a periodic inventory system is used, what is the company's gross profit using FIFO?(rounded to whole dollars) $2500 $5900 O $2800 O $5600