Into Company uses a periodic inventory sys tem and reported the following inventory information for $Au$ gust:

Inventory, August $13,000$ units a $$11$ c ost per unit

August $4,$ Purchase $5,000$ units @ $$8$ co st per unit

August $9,$ Purchase $19,000$ units @ $$12$ cost per unit

August $11,$ Sale selling price per unit

August $19,$ Purchase $8,000$ units a $$17$ c ost per unit

August $21,$ Sale $15,000$ units @ $$28$ selling price per unit

August $26,$ Purchase $11,000$ units a $$7$ c ost per unit

August $27,$ Sale elling price per unit August $29,$ Purchase $4,000$ units a $$13$ c ost per unit

Operating expenses for the month of August totaled $$225,000$

and Into Company's income tax rate was $25\%.$

Calculate the amount of net income reporte d on Into Company's

income statement for August using the LIFO method.