A business operates at 100% of its capacity during its first month and incurs 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	18,000

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

	a.	$70,000
	b.	$68,400
	c.	$50,400
	d.	$52,000