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

Production costs (18,800 units):
Direct materials	$174,900
Direct labor	227,400
Variable factory overhead	269,700
Fixed factory overhead	102,700	$774,700
Operating expenses:
Variable operating expenses	$132,100
Fixed operating expenses	44,000	176,100

If 1,700 units remain unsold at the end of the month and sales total $1,040,000 for the month, what would be the amount of income from operations reported on the absorption costing income statement?

a.$149,966

b.$159,209

c.$60,766

d.$70,053