Apps G Gmail YouTube Maps Aces Inc.a manufacturer of tennis rackets, began operations this year. The company produced 6,000 rackets and sold 4,900. Each racket was sold at a price of $90. Fixed overhead costs are $78,000 and fixed selling and administrative costs are $65,200. The company also reports the following per unit costs for the year: Variable production costs Variable selling and administrative expenses S 25.00 $ 2.00 Required: Prepare an income statement under absorption costing, ACES INC. Absorption Costing Income Statement Sales Less: Cost of goods sold Variable production costs Variable overhead costs Selling general and administrative expenses Fixed selling and administrative costs Net Income (los) Type here to search