QS 18-19B Variable costing income statement LO P5 Aces inc., a manufacturer of tennis rackets, began operations this year. The company produced 5,900 rackets and sold 4,800. Each racket was sold at a price of $89. Fixed overhead costs are $76,110, and fixed selling and administrative costs are $65,100. The company also reports the following per unit costs for the year: Required: Prepare an income statement under variable costing