For the year ended December 31, 20x5, Myles Corporation has the following records of its costs: Direct materials used $550495 Direct labour 156277 Variable manufacturing overhead 81782 Fixed manufacturing overhead 132882 Selling and administrative costs (fixed) 113576 Myles produced 129553 units and sold 105952 units at $14 in 20x6. There were no beginning inventories. If Myles uses absorption costing, what is the operating income for the year ended December 31, 20x6? Select one:

a. $591969

b. $616176

c. $571969

d. $448316