A business operated at 100% of capacity during its first month, with the following results:

Sales (112 units) $448,000 Production costs (140 units): Direct materials $60,536 Direct labor 15,456 Variable factory overhead 27,048 Fixed factory overhead 25,760 128,800 Operating expenses: Variable operating expenses $6,244 Fixed operating expenses 4,263 10,507

What is the amount of the income from operations that would be reported on the absorption costing income statement?

a.$355,061 b.$359,324 c.$447,860 d.$334,453