A business operated at 100% of capacity during its first month, with the following results: Sales (90 units) $90,000 Production costs (100 units): Direct materials $40,000 Direct labor 20,000 Variable factory overhead 2,000 Fixed factory overhead 7,000 69,000 Operating expenses: Variable operating expenses $ 14,000 Fixed operating expenses 1,000 9,000 What is the amount of the contribution margin that would be reported on the variable costing income statement? $26,200 $20,200 $29,700 $34,200