The following information relates to the inventory of Bunty Hardware during the month of June 2022. Date 01/06/22 10/06/22 23/06/22 Transactions Beginning Inventory Purchases Purchases Units 1000 1000 1200 3200 Unit cost $6 $7 $8 Total cost $6,000 $7,000 $9,600 $22,600 Bunty Hardware uses periodic inventory system. During the month, 1500 units were sold for $15,000. A physical stocktake on 30 June verified that 1500 units were on hand. Ignore GST. Make assumption if necessary. You are required to: Prepare an income statement up to gross profit for 30 June 2022 using FIFO costing method