Banana Pancakes, LLC is a manufacturer of umbrellas. During the previous period, $780,000 of direct materials were requisitioned and $150,000 of direct labor costs were incurred in the companys manufacturing operations. The company uses actual costing to account for manufacturing overhead. The actual manufacturing overhead costs incurred totaled $640,000. The following additional information was extracted from the companys accounting records:

Cost of Goods Manufactured	$1,650,000
Operating Expenses	$410,000

Given Sales Revenue of $2,500,000 and a net decrease in Finished Goods Inventory of $50,000, calculate Operating Income for the previous period.

A. $470,000

B. $490,000

C. $390,000

D. $800,000

E. $440,000