Use the following information for the year of 2019.

January 1: Beginning inventory of 50 units at $20 per unit

March 5: Purchases of 30 units at $25 per unit

April 15: Sales of 30 units at $30 per unit

May 30: Purchases of 50 units at $10 per unit

November 15: Sales of 96 units at $32 per unit

December 1: Purchases of 20 units at $15 per unit

December 31: Ending inventory of 24 units

Assume that the company uses the FIFO (First-in, First-out) method with the perpetual inventory system. What is the dollar amount of the gross profit that must be reported on the income statement at the end of the year of 2019?

For your answer, make sure to put the number without dollar signs ($), commas (,), periods (.), and decimal points. Again, please state the number only without dollar signs, commas, periods, and decimal points for your answer. For example, if the answer happens to be 12345, then you must simply put 12345