Aces Incorporated, a manufacturer of tennis rackets, began operations this year, The company produced 5,500 rackets and sold 4.400. Each racket was sold at a price of $85. Fixed overhead costs are $68,750 for the yeat, and fixed selling and administrative costs are $64,700 for the year. The company also reports the following Der unit variable costs for the yeat Required: Prepare an income statement under variable costing