The 2018 data that follow pertanto El's Electric Eyewear, a manufacturer of swimming goggles (El's Electric Eyewear had no beginning Finished Goods Inventory in January 2018.) (Click the icon to view the data.) Read the utements 1 Requirement 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for Ells Electric Eyewear for the year ended December 31, 2018. (Round intermediary calculations to the nearest cent) Data Table Begin by preparing Eir's Electric Eyewear's conventional (absorption costing) income statement for the year ended December Eir's Electric Eyewear Income Statement (Absorption Costing) Number of googles produced 250.000 Year Ended December 31, 2018 Number of goggles sold 215.000 Net Sales Revenue Sales price per unit $ Cost of Goods Sold Variable manufacturing cost per un Gross Pront Sales commission cost per unit Seling and Administrative Costs Fored manufacturing overhead 1,250,000 Operating income Prepare Elrs Electric Eyewear's contribution margin (variable costing) income statement for the year ended Ded Requirements Ell's Electric Eyewear Income Statement (Variable Costing Year Ended December 31, 2018 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for Eirs Electric Eyewear for the year ended December 31, 2018 2. Which statement shows the higher operating income? Why? 3. Ells Electric Eyewear's marketing vice president believes a new sales promotion that costs $100.000 would increase sales to 225,000 goggles Should the company go ahead with the promotion? Give your reasoning Operating Income Print Done Requirement 2. Which statement shows the higher operating income? Why? The income statement shows the higher operating income. The operating income under The ofference in operating income between the two income statements is attributable to the costing is higher because the units sold attached to the units Requirement 3. Ers Electric Eyewear's marketing vice president believes a new sales promotion that costs $100,000 would increase sales to 225.000 google. Should the company go ahead with the