A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (17,500 units): Direct materials Direct labor $175,300 224,800 Variable factory overhead 250,700 Fixed factory overhead 97,600 $748,400 Operating expenses: Variable operating expenses Fixed operating expenses $134,700 47,700 182,400 If 2,000 units remain unsold at the end of the month and sales total $1,093,000 for the month, what would be the amount of income from operations reported on the absorption costing income statement? Oa. $74,377 Ob. $236,577 Oc. $247,731 Od. $85,531