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Required information [The following information applies to the questions displayed below] Aces incorporated, a manufacturer of tennis rackets, began operations this year. The company produced 7,350 rackets and sold 5,580. Each racket was sold at a price of $90. Fixed overhead costs are $95,550 per year, and fixed selling and administrative costs are $68,000 per year. The company also reports the following per unit variable costs for the year. Prepare an income statement under variable costing