A business operated at 100% of capacity during its first month, with the following results: $560,000 Sales (112 units) Production costs (140 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead $70,000 17,500 31,500 28,000 147,000 Operating expenses: Variable operating expenses Fixed operating expenses $5,390 4,160 9,550 What is the amount of the income from operations that would be reported on the variable costing income statement? Ca. $427,250 b. $459,410 c. $550,450 d. $559,860