9Er-4V Company uses the LIFO inventory costing method. Th e company had a beginning inventory of 1,540 units that cos t $12.70 each. Purchases were made throughout the most rece nt year as follows: March: June: August: October: 2,100 units purchased at $14.40 per unit 900 units purchased at $11.80 per unit 1,400 units purchased at $15.95 per unit 800 units purchased at $13.10 per unit During the most recent year, 4,400 units were sold to cus tomers at a selling price of $17.00 each. Operating expenses for the most recent year amounted to $1,600 and the income tax ra te was 40%. Calculate the net income reported by Er-4V Company durin 8 the most recent year