K The annual data that follows pertain to Swim Clearly, a manufacturer of swimming goggles (the company had no beginning inventory): (Click the icon to view the data.) Read the requirements. Requirement 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for Swim Clearly for the year. Begin with the conventional (absorption costing) income statement. Less Less: Swim Clearly Income Statement (Absorption Costing) For the Year Ended December 31 Operating expenses

The annual data that follows pertain to Swim Clearly, a manufacturer of swimring goggles (the company had no beginning inventory) (Click the icon to view the data) Read the requiraments Requirement 1. Prepare both conventional (ebsorption costing) and contibution margin (varisble costing) income statements for Swim Clearly for the year. Begin with the conventional (absorption costing) income statement Data table quirements 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for Swim Clearly 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 235,000 goggles. Should the company go ahead with the promotion? Give your reason