The 2018 data that follow pertain to Sam's Superb Eyewear, a manufacturer of swimming goggles. (Sam's Superb 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 Sam's Superb Eyewear for the year ended December 31, 2018. (Round intermediary calculations to the nearest cent.) Begin by preparing Sam's Superb Eyewear's conventional (absorption costing) income statement for the year ended December 31, 2018. Sam's Superb Eyewear Income Statement (Absorption Costing) Year Ended December 31, 2018 Requirements - Data table Operating Income 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for Sam's Superb Eyewear for the year ended December 31, 2018. 2. Which statement shows the higher operating income? Why? 3. Sam's Superb Eyewear's marketing vice president believes a new sales promotion that costs $150,000 would increase sales to 235,000 goggles. Should the company go ahead with the promotion? Give your reasoning. Print Done Number of goggles produced 240,000 Number of goggles sold 210,000 Sales price per unit 26 Variable manufacturing cost per unit 7 Sales commission cost per unit 1 Fixed manufacturing overhead Fixed selling and administrative costs 1,440,000 150,000 Print Done