The 2018 data that follow pertain to Carl's Crazy Eyewear, a manufacturer of swimming goggles. (Carl's Crazy 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 Carl's Crazy Eyewear for the year ended December 31, 2018. (Round intermediary calculations to the nearest cent.) Begin by preparing Carl's Crazy Eyewear's conventional (absorption costing) income statement for the year ended December 31, 2018. Carl's Crazy Eyewear Income Statement (Absorption Costing) Year Ended December 31, 2018 i Data Table - X 170,000 130,000 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 Operating Income Prepare Carl's Crazy Eyewear's contribution margin (variable costing) income statement for the year ended December 31, 2018. 1,190,000 180,000 Fixed selling and administrative costs Carl's Crazy Eyewear Income Statement (Variable Costing) The 2018 data that follow pertain to Carl's Crazy Eyewear, a manufacturer of swimming goggles. (Carl's Crazy Eyewear had no beginning Finished Goods Inventory in January 2018.) E: (Click the icon to view the data.) Data Table Read the requirements. Operating Income Prepare Carl's Crazy Eyewear's contribution margin (variable costing) income statement for the year ended December 31, 2018. Number of goggles produced Number of goggles sold 170,000 130,000 Carl's Crazy Eyewear Income Statement (Variable Costing) Year Ended December 31, 2018 Sales price per unit Variable manufacturing cost per unit Sales commission cost per unit Fixed manufacturing overhead Fixed selling and administrative costs 1,190,000 180,000 Operating Income Print Done Requirement 2. Which statement shows the higher operating income? Why? The difference in The income statement shows the higher operating income. The operating income under operating income between the two income statements is attributable to the costing is higher because the units sold attached to the units Requirement 3. Carl's Crazy Eyewear's marketing vice president believes a new sales promotion that costs $120,000 would increase sales to 150,000 goggles. Should the company go ahead with the promotion? Give your reasoning. The company go ahead with the promotion because the additional the additional cost of the promotion