Required Information [The following information applies to the questions displayed below.] Aces Incorporated, a manufacturer of tennls rackets, began operations this yeat. The company produced 6,250 rackets and sold 5,030. Each racket was sold at a price of $90. Fixed overhead costs are $81,250 per year, and fixed selling and administrative costs are $65,800 per year. The company also reports the following per unit variable costs for the year. Prepare an income statement under absorption costing