Use the following information to answer Questions 37-38. A business operated at 100% of capacity during its first month, with the following results: Sales (80 units) Production costs (100 units): Direct materials Direct labor Variable factory overhead $80,000 $50,000 10,000 5,000 2,000 67,000 Fixed factory overhead Operating expenses: Variable operating expenses Fixed operating expenses $ 6,000 1,000 7,000 37. What is the amount of the income from operations that would be reported on the variable costing income statement? a. $19,400 b. $19,000 c. $22,000 d. $28,000