Towing Company employs a periodic inventory system and sells its inventory to customers for $34 per unit. Towing Company had the following inventory information available for the month of May: May 1Beginning inventory 2,200 units@ $17 cost per unit May 8 Sold 1,700 units May 13Purchased 1,900 units@$11 cost per unit May 18 Sold 1,600 units May 21 Purchased 1,200 units $24 cost per unit May 22 Purchased 1,100 units@$15 cost per unit May 28 Sold 1,300 units May 30Purchased 1,600 units@$10 cost per unit During May, Towing Company reported operating expenses of $49,000 and had an income tax rate of 34%. Calculate the amount of net income reported on Towing Company's income statement for May using the FIFO method. Do not use decimals in your