QS 18-25B (Static) Variable costing income statement LO P4 Aces Incorporated, a manufacturer of tennis rackets, began operations this year. The company produced 6,000 rackets and sold 4,900. Each racket was sold at a price of $90. Fixed overhead costs are $78,000 for the year, and fixed selling and administrative costs are $65,200 for the year. The company also reports the following per unit variable costs for the year. Required: Prepare an income statement under variable costing