Required information [The following information applles to the questions displayed below.] Aces Incorporated, a manufacturet of tennis rackets, began operations this year. The company produced 7.050 rackets and sold 5,430 . Each racket was sold at a price of $90. Fixed overthead costs are $91,650 per year, and fixed selling and administrative costs are $67,400 per year. The company also reports the following per unit variable costs for the year. Prepare an income statement under variable costing