Timber Company imports and sells a product produced in Canada. In the summer of 2019, a natural disaster disrupted production, affecting its supply of product. Timber Company uses the LIFO inventory method. On January 1, 2019, Timber Company's inventory records were as follows: Through mid-December of 2019, purchases were limited to 8,000 units, because the cost had increased to $240 per unit. Timber sold 14,200 units during 2019 at a price of $306 per unit, which significantly depletec its inventory. Timber Company uses a periodic inventory system. Assume that Timber Company makes no further purchases during 2019. Compute Timber Company's gross profit for 2019. $321,800$3,109,800$3,741,000$1,456,200