Aces Inc., a manufacturer of tennis rackets, began operations this year. The company produced 5,100 rackets and sold 4,000. Each racket was sold at a price of $81. FIxed overhead costs are $61,710, and fixed selling and administrative costs are $64,300. The company also reports the following per unit costs for the year Variable production costs Variable selling and administrative expenses $ 24.18 $ 1.10 Required Prepare an Income statement under variable costing. ACES INC. Variable Costing Income Statement ales S 324,000 Net income (loss)