Aces Inc. a manufacturer of tennis rackets, began operations this year. The company produced 6,500 rackets and sold 5,400. Each racket was sold at a price of $95. Fixed overhead costs are $87,750, and fixed selling and administrative costs are $65.700. The company also reports the following per unit variable costs for the year Variable product costs Variable selling and administrative expenses $ 25.50 $ 2.50 Prepare an income statement under variable costing. ACES INC Variable Costing Income Statement Net income foss)