ABC Company employs a periodic inventory system and sells its inventory to customers for $20 per unit. ABC Company had the following inventory information available for the month of May:
May 1 Beginning inventory 2,000 units @ $12 cost per unit
May 8 Sold 600 units
May 13 Purchased 1,400 units @ $10 cost per unit
May 18 Sold 800 units
May 19 Sold 300 units
May 21 Purchased 1,700 units @ $18 cost per unit
May 28 Purchased 1,400 units @ $16 cost per unit
May 30 Sold 900 units
During May, ABC Company reported operating expenses of $3,000 and had an income tax rate of 35%.
Calculate the amount of net income reported on ABC Company's income statement for May using the weighted average method. Do not use decimals in your answer.