The annual data that follow pertain to Frank's Fantastic Eyewear, a manufacturer of swimming goggles. (Frank's Fantastic Eyewear had no beginning Finished Goods Inventory in January.) \begin{tabular}{lr} Number of goggles produced & 170,000 \\ Number of goggles sold & 140,000 \\ \hline Sales price per unit & 39 \\ Variable manufacturing cost per unit & 9 \\ Sales commission cost per unit & 5 \\ Fixed manufacturing overhead & 510,000 \\ Fixed selling and administrative costs & 200,000 \\ \hline \end{tabular} 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. (Round intermediary calculations to the nearest cent.) Begin by preparing Frank's Fantastic Eyewear's conventional (absorption costing) income statement for the year ended December 31. Requirement 2. Which statement shows the higher operating income? Why? The income statement shows the higher operating income. The operating income under costing is higher because the units sold The difference in operating income between the two income statements is attributable to the attached to the units Requirement 3. Frank's Fantastic Eyewear's marketing vice president believes a new sales promotion that costs $225,000 would increase sales to 165,000 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