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 costs for the year:

Variable production costs	$	25.90
Variable selling and administrative expenses	$	2.90

Required: Prepare an income statement under variable costing.

ACES INC.
Variable Costing Income Statement
Sales		$574,200
Less: Variable costs
Variable production costs
Variable selling and administrative expenses
Net income (loss)

Ineed help with the rest