Question 8 3.5 pts ABC Company employs a periodic inventory system and sells its inventory to customers for $23 per unit. ABC Company reported the following inventory information for the month of May: May 1 Beginning inventory 4,26 units 9 $9 cost per unit May 5 Purchased 2,3B units 9 $12 cost per unit May 3 Sold 3,3B units May 13 Purchased 2,5E units 9 $5 cost per unit May 13 Sold 1,963 units May 21 Purchased 4,G units 9 $3 cost per unit May 23 Sold 2,253 units May 33 Purchased 2,3E units 9 $1? cost per unit ABC Company reported operating expenses of $26.1B for May and they had a tax rate of 34%. Calculate the amount of net income shown on ABC Company's income statement for May using the LIF method