A business operated at 100% of capacity during its first month, with the following results: Sales (112 units) $5,600 Production costs (140 units): Direct materials $700 Direct labor 175 Variable factory overhead 315 Fixed factory overhead 280 1,470 Operating expenses: Variable operating expenses $634 Fixed operating expenses 302 936 What is the amount of the income from operations that would be reported on the variable costing income statement? Select the correct answer. $5,460 $4,014 $3,432 $4,664