A business operated at 100% of capacity during its first month, with the following results:

Sales (98 units)		$578,200
Production costs (122 units):
Direct materials	$77,810
Direct labor	19,866
Variable factory overhead	34,766
Fixed factory overhead	33,112	165,554
Operating expenses:
Variable operating expenses	$5,892
Fixed operating expenses	3,258	9,150

What is the amount of the income from operations that would be reported on the absorption costing income statement?

a.$578,078

b.$436,063

c.$465,920

d.$462,662