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

Line Item Description	Amount	Amount
Sales (110 units)		$473,000
Production costs (138 units):
Direct materials	$64,147
Direct labor	16,378
Variable factory overhead	28,661
Fixed factory overhead	27,296
Total production costs		$136,482
Operating expenses:
Variable operating expenses	$5,651
Fixed operating expenses	4,343
Total operating expenses		9,994

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