Question Help The 2018 data that follow pertain to Dan's Dynomite Eyewear, a manufacturer of swimming goggles. (Dan's Dynomite Eyewear had no beginning Finished Goods Inventory in January 2018) (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 Dan's Dynomite Eyewear for the year ended December 31, 2018. (Round intermediary calculations to the nearest cent) Begin by preparing Dan's Dynomite Eyewear's conventional (absorption costing) income statement for the year ended December 31, 2018 Dan's Dynomite Eyewear Income Statement (Absorption Costing) Year Ended December 31, 2018 Nel Sales Revenue Cost of Goods Sold Gross Profit Choose from any list or enter any number in the input fields and then click Check Answer Question Help The 2018 data that follow pertain to Dan's Dynomite Eyewear, a manufacturer of swimming goggles (Dan's Dinomite Eyewear had to beginning Finished Gom Inventory in January 2018.) Click the icon to view the data) Read the restements wynwy www Dan's Dynomite Eyewear Income Statement (Absorption Costing) Year Ended December 31, 2018 Not Sales Revenue Cost of Goods Sold Gross Profit Selling and Administrative Costs Operating Income Choose from any list or enter any number in the input fields and then click Check Answer 190.000 150.000 $ 30 Number of goggles produced Number of goggles sold Sales price per unit Variable manufacturing cost per unit Sales commission cost per unit Fixed manufacturing overhead Fixed selling and administrative costs 6 OR 570.000 180.000 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for Dan's Dynomite Eyewear for the year ended December 31, 2018 2. Which statement shows the higher operating income? Why? 3. Dan's Dynomite Eyewear's marketing vice president believes a new sales promotion that costs $150,000 would increase sales to 175,000 goggles. Should the company go ahead with the promotion? Give your reasoning