Aces Incorporated, a manufacturer of tennis rackets, began operations this year. The company produced 6,400 rackets and sold 5,300. Each racket was sold at a price of $94. Fixed overhead costs are $85,760 for the year, and fixed selling and administrative costs are $65,600 for the year. The company also reports the following per unit variable costs for the year. Required: Prepare an income statement under variable costing