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

Sales (98 units)		$578,200
Production costs (123 units):
Direct materials	$78,448
Direct labor	20,029
Variable factory overhead	35,051
Fixed factory overhead	33,383	166,911
Operating expenses:
Variable operating expenses	$5,624
Fixed operating expenses	3,107	8,731

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