Larson Company employs a periodic inventory system and reported the following inventory information for the month of August: August 1 August 6 August 15 August 18 August 23 August 26 August 29 August 30 Beginning inventory 2,600 units @ $27 cost per unit Sold 1,100 units Purchased 1,400 units @ $36 cost per unit Sold 1,500 units Purchased 900 units @ $29 cost per unit Purchased 600 units @ $23 cost per unit Sold 2,300 units Purchased 1,500 units @ $40 cost per unit During August, Larson Company reported operating expenses of $29,000 and had an income tax rate of 39%. Using the weighted average method, Larson Company's gross profit for August totaled $71,050. Calculate the amount of net income reported on Larson Company's income statement for August using the LIFO method