WILL THUMBS UP IF CORRECT

Aces Incorporated, a manufacturer of tennis rackets, began operations this year. The company produced 6,500 rackets and sold 5,400 . Each racket was sold at a price of \\( \\$ 95 \\). Fixed overhead costs are \\( \\$ 87,750 \\) for the year, and fixed selling and administrative costs are \\( \\$ 65,700 \\) for the year. The company also reports the following per unit variable costs for the year: Required: Prepare an income statement under absorption costing