A business operated at 100% of capacity during its first month, with the following results: Sales (80 units) $80,000 Production costs (100 units): Direct materials $50,000 Direct labor 10,000 Variable factory overhead 5,000 Fixed factory overhead 2,000 67,000 Operating expenses: Variable operating expenses $ 6,000 Fixed operating expenses 1,000 7,000 What is the amount of the gross profit that would be reported on the absorption costing income statement?