Read the requirements Requirement 1. Prepare both co costing) income statement. Swim Data table - X Income Statement (A For the Year Ende Sales price..... $ 47 Variable manufacturing expense per unit Sales commission expense per unit $ 18 $ 13 Less Less: Operating expenses Fixed manufacturing overhead. Fixed operating expenses.. Number of goggles produced... Number of goggles sold. $ 1,640,000 $ 235,000 205,000 180,000 Print Done tements for Swimmer for the year. Begin with the convent ement 1. Prepa O income statem X Income Sta For the Operating expe Requirements 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for Swimmer 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 $155,000 would increase sales to 205,000 goggles. Should the company go ahead with the promotion? Give your reason. Print Done or Swimmer for the year. Begin with the The annual data that follows pertain to Swimmer, 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 Swimmer for the year. Begin with the conventional (absorption costing) income statement. Swimmer Income Statement (Absorption Costing) For the Year Ended December 31 Less Less Operating expenses