Aces Inc., a manufacturer of tennis rackets, began operations this year. The company produced 6,900 rackets and sold 5,800. Each racket was sold at a price of $99. Fixed overhead costs are $95,910, and fixed selling and administrative costs are $66,100. The company also reports the following per unit variable costs for the year: Variable product conta Variable selling and administrative expenses $25.90 $ 2.90 Prepare an income statement under absorption costing. ACES INC. Absorption Costing Income Statement ences Selling general and administrative expenses Netcom )