A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (17,800 units): Direct materials $174,500 Direct labor 235,200 Variable factory overhead 249,200 Fixed factory overhead 92,600 $751,500 Operating expenses: Variable operating expenses $133,500 Fixed operating expenses 40,900 174,400 If 1,900 units remain unsold at the end of the month and sales total $1,034,000 for the month, what would be the amount of income from operations reported on the variable costing income statement? a. $98,832 b. $70,332 Oc. $178,541 d. $80,216