QS $18-26$B $($Algo$)$ Absorption costing income statement LU r$4$

Aces Incorporated, a manufacturer of tennis rackets, began operations this year. The company produced $6,700$ rackets and sold $5,600.$ Each racket was sold at a price of $$97.$ Fixed overhead costs are $$91,790$ for the year, and fixed selling and administrative costs are $$65,900$ for the year. The company also reports the following per unit variable costs for the year:

$\backslash$table$[[$Direct materials,$$12\mathrm{.}21$