Requirements 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for Goggles 4U 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. Data table Cick the icon to vew the data) Read the tequrnonen Requirement 1. Propore both comventonal (absoiplon costing) and contibubon matgon (vanable costing) income stalements for Goggles 4 u for the year Began w th fhe conventonat (absorpton costing) income tatomint. Now let's prepare the contribution margin (variable costing) income statement for Goggles 4 U for the year. Goggles 4U Contribution Margin (Variable Costing) Income Statement