Aces Incorporated, a manufacturer of tennis rackets, began operations this year. The company produced 5,700 rackets and sold 4,600. Each racket was sold at a price of $87. Fixed overhead costs are $72,390 for the year, and fixed selling and administrative costs are $64,900 for the year. The company also reports the following per unit variable costs for the year: Required: Prepare an income statement under absorption costing