A business operated at 100% of capacity during its first month and incurred the following costs:

Production costs (5,000 units):

Direct materials $70,000

Direct labor $20,000

Variable factory overhead $10,000

Fixed factory overhead $2,000 $102,000

Operating expenses:

Variable operating expenses $17,000

Fixed operating expenses $1,000 $18,00

If 1,000 units remain unsold at the end of the month and sales total $150,000 for the month, what would be the amount of income from operations reported on the variable costing income statement?