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The annual data that follows pertain to Rick's Radical Eyewear, a manufacturer of swimming goggles (the company had no beginning inventory): EE (Click the icon to view the data.) Requirements 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for Rick's Radical Eyewear 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 $140,000 would increase sales to 215,000 goggles. Should the company go ahead with the promotion? Give your reason. 42 18 12 Variable manufacturing expense per unit 9 Sales commission expense per unit.. ..s Fixed operating expens Number of goggles produced.. Number of goggles sold 215,000 200,000