A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (17,000 units): Direct materials $183,500 Direct labor 229,000 Variable factory overhead 253,400 Fixed factory overhead 100,500 $766,400 Operating expenses: Variable operating expenses $124,200 Fixed operating expenses 40,100 164,300 If 1,800 units remain unsold at the end of the month and sales total $1,069,000 for the month, the amount of operating income reported on the variable costing income statement would be