A business operated at 100% of capacity during its first month, with the following results: $90,000 Sales (90 units) Production costs (100 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead Operating expenses: Variable operating expenses Fixed operating expenses $40,000 20.000 2,000 5,000 67,000 $ 8,000 1,000 9,000 What is the amount of the income from operations that would be reported on the variable costing income statement? $19,400