A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (17,400 units): Direct materials $179,500 Direct labor 238,500 Variable factory overhead 254,500 Fixed factory overhead 104,300 $776,800 Operating expenses: Variable operating expenses $123,700 Fixed operating expenses 47,900 171,600 If 1,600 units remain unsold at the end of the month and sales total $1,183,000 for the month, what would be the amount of income from operations reported on the absorption costing income statement? Oa. $296,439 Ob. $71,430 Oc. $61,839 Od. $305,930