Aces Incorporated, 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$ for the year, and fixed selling and administrative costs are

$$64,300$ for the year. The company also reports the following per unit variable costs for the year.

Required:

Prepare an income statement under variable costing.