E6-40A (similar to) The annual data that follows pertain to Goggles 4 U, a manufacturer of swimming goggles (the company had no beginning inventory) Click the icon to view the data.) Read the fequirements i Requirements 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for Goggles 4 U for the year. 2. Which statement shows the higher operating income? Why? 3. The company marketing vice president believes a new sales promotion that costs $135,000 would increase sales to 230.000 goggles. Should the company go ahead with the promotion? Give your reason. Print Done 7 Sales price Variable manufacturing expense per unit. Sales commission expense per unit Fixed manufacturing overhead Fixed operating expenses. Number of goggles produced Number of goggles sold . $ 2.990.000 a 5 250.000 230.000 208.000 Print Done Requirement 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for Goggles 4 U for the year. Begin with the conventional (absorption costing) income stat Goggles 4U Income Statement (Absorption Costing) For the Year Ended December 31 Less: Less Operating expenses Choose from any list or enter an