1 Data Table - X es Ing inventor $ costi ating belie Igles 4 U for u 140,000 goggle Sales price... 42 Variable manufacturing expense per unit...... $ 20 Sales commission expense per unit. $ 10 Fixed manufacturing overhead. $ 2,400,000 Fixed operating expenses. $ 260,000 Number of goggles produced 240,000 Number of goggles sold 222,000 ion C cember $ Print Done number in the input finde The annual data that follows pertain to Googles 4 U, a manufacturer of swimming goggles (the company had no beginning Inventory) Click the icon to view the data) Requirements 1. Propie both conventional (absorption conting) and contribution margin (variable conting) income statements for Goggles 4U for the year 2. Which statement sows the higher operating income? Why? 3. The company marketing vice president believes a new sales promotion that costs $156,000 woutes increase sales to 240,000 goles Should the company go ahead with the promotion? Give your reason