need help solving problem

Assignment 19A (15 pts) Question 6 (of 8) 6. 150 points value Quick Study 19-4 Absorption costing income statement LO P2 Aces Inc., a manufacturer of tennis rackets, began operations this year The company produced 6200 rackets and sold 5,100. Each racket was sold at a price of $92. Fixed overhead costs are $81,840 and fixed selling and administrative costs are $65,400. The company also reports the following per unit costs for the year ariable production costs 25.20 220 Variable selling and administrative expenses Required: Prepare an income statement under absorption costing ACES INC. Absorption Costing Income Statement Sales $469,200 ss: Cost of goods sold Variable production costs 128,520 Cost of goods sold Gross margi Selling general and administrative expenses 128,520 340 680 Fixed selling and administrative costs 65 400 Total fixed expenses Net income (loss) 65,400 $ 193,440