The following information pertains to Year 2 of ABC Inc's operations: In addition, you are given the following information: - Actual and budgeted fixed manufacturing costs were both $200,000. - Fixed Selling and Administrative costs amounted to $60,000. - ABC produced 100,000 units and sold 80,000 units during Year 2. - There were no beginning inventories. Based on the information provided, ABC's Year 2 Absorption costing income from operations was: Select one: a. Nil. b. $480,000. c. $420,000 d. $380,000