A business operated at 100% of capacity during its first month, with the following results:

Sales (96 units)		$412,800
Production costs (120 units):
Direct materials	$55,780
Direct labor	14,242
Variable factory overhead	24,923
Fixed factory overhead	23,735	118,680
Operating expenses:
Variable operating expenses	$5,462
Fixed operating expenses	3,345	8,807

The amount of operating income that would be reported on the absorption costing income statement is