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The annual data that follows pertain to Goggles Only, a manufacturer of swimming goggles (the company had no beginning inventary) (Click the icon to view the data.) Read the requirements. Data table Requirements 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for Goggles Only 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 $150,000 would increase sales to 240,000 goggles. Should the company go ahead with the promotion? Give your reason. costing) income statement. The annual data that follows pertiln to Goggles Only, a manulacturer of swimming goggles (the company had no beginning invenioryk IWH (Click the icon to view the data.) Read the requitemnnts. copbing) incoroe statement