A business operated at 100% of capacity during its first month and incurred the following costs:

Production costs (10,000 units):

Direct Materials $140,000

Direct Labor 40,000

Variable Factory Overhead 20,000

Fixed factory overhead 4,000 $204,000

Operating expneses:

variable operating expenses $34,000

fixed operating expenses 2,000 36,000

If 2,000 units remain unsold at the end of the month and sales total $300,000 for the month, what would be the amount of income from operations reported on the variable costing income statment?

a) 100,800

b 100,000

c) 114,800

d) 140,000

(please show work)