A business operated at 100% of capacity during its first month and incurred the following costs:

Production costs (19,400 units):

Direct materials$175,400

Direct labor221,900

Variable factory overhead256,300

Fixed factory overhead92,200$745,800

Operating expenses:

Variable operating expenses$130,800

Fixed operating expenses41,400172,200

If 1,800 units remain unsold at the end of the month and sales total $1,012,000 for the month, what would be the amount of income from operations reported on the absorption costing income statement?

a.$163,256

b.$60,643

c.$154,643

d.$69,198