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

Sales (117 units)		$561,600
Production costs (146 units):
Direct materials	$75,756
Direct labor	19,342
Variable factory overhead	33,849
Fixed factory overhead	32,237	161,184
Operating expenses:
Variable operating expenses	$5,219
Fixed operating expenses	4,072	9,291

The amount of operating income that would be reported on the absorption costing income statement is

a.$453,047

b.$561,454

c.$448,975

d.$423,141