Marigold industries had the following inventory transactions occur during 2020:

2/1/20 Purchase 51 units @ $46 cost/unit

3/14/20 purchase 98 units @ $49 cost/unit

5/1/20 purchase 68 units @ $53 cost/unit

The company sold 147 units at $70 each and has a tax rate of 40%. There is no beginning inventory. Assuming that a periodic inventory system is used, what is the company's gross profit using LIFO? (rounded to whole dollars)