The 2018 data that follow pertain to Franks Fantasto Eyewear, a manulacturer of swimming gogoles. (Frank's Fantastic Eyewear had no beginning Finished Cocds inventory in Jarvary 2018 ) (Click the icon to view the data) Read the cequirements. Requirement 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for Frank's Fantastic Eyewear for the year ended December 31,20 (Round intermediary calculations to the nearest cont) Begin by preparing Frank's Fantastic Eyewoar's conyentional (absorption costing) income statement for the year ended Decentoer 31,2018. Data table Prepare Frank's Fagtastic Eyewear's contribution margin (varlable costing) income stat Requirement 2 . Which statement shows the higher operating income? Why? income statement shows the higher operating income. The operating ncome under cosing is higher because the unis wold The difference in operating income befween the two income stalements is athbutable to the attached to the unith The Requirement 3. Frank's Fantastic Eyowear's marketing vice president believes a new sales promction that costs $180,000 would increase saies to 205,000 goggles 5 hould the company go af vith the promotion? Give your reasoning. The company go ahead with the promotion because the additional. the adsticnat cost of the promction