Aces Inc., a manufacturer of tennis rackets, began operations this year. The company produced 6,100 rackets and sold 5,000. Each racket was sold at a price of $91. Fixed overhead costs are $79,910, and fixed selling and administrative costs are $65,300. The company also reports the following per unit costs for the year: Variable production costs$25.10 Variable selling and administrative expenses$2.10 Required: Prepare an income statement under absorption costing.