A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (19,100 units): Direct materials $172,200 222,700 Direct labor Variable factory overhead 257,900 Fixed factory overhead 93,400 $746,200 Operating expenses: Variable operating expenses $135,000 Fixed operating expenses 49,100 184,100 If 1,700 units remain unsold at the end of the month and sales total $1,185,000 for the month, what would be the amount of income from operations reported on the absorption costing income statement? a. $321,116 b. $66,416 c. $58,103 d. $312,803