A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (19,200 units): Direct materials $179,100 Direct labor 226,500 Variable factory overhead 262,600 Fixed factory overhead 103,800 $772,000 Operating expenses: Variable operating expenses $126,600 Fixed operating expenses 43,900 170,500 If 1,900 units remain unsold at the end of the month and sales total $1,043,000 for the month, what would be the amount of income from operations reported on the absorption costing income statement? a. $76,396 b. $166,624 c. $66,124 d. $176,694