The annual data that follow pertain to Rick's Radical Eyewear, a manufacturer of swimming goggles. (Rick's Radical Eyewear had (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 Begin by preparing Rick's Radical Eyewear's conventional (absorption costing) income statement for the your ended December 3 Rick's Radical Eyewear Income Statement (Absorption Costing) Year Ended December 31 Operating Income Prepare Rick's Radical Eyewear's contribution margin (variable costing) Income statement for the your ended December 31. Rick's Radical Eyewear Income Statement (Variable Costing) Year Ended December 31 Choose from any list or enter any number in the input fields and then continue to the next question. Prepare Rick's Radical Eyewear's contribution margin (variable costing) income statement for the your ended December 31. Rick's Radical Eyewear Income Statement (Variable Coating) Year Ended December 31 Operating Income Requirement 2. Which statement shows the higher operating Income? Why? The Income statement shows the higher operating Income. The operating Income under coolingle higher becue between the two Income statement le butable to the ached to the unit Requirement. Rick's Radical Eyewear marketing vico proeldent boleve a new los promotion that coula $275,000 would need to 200 The company go ahead with the promotion because the additional Choose from any list or enter any number in the input fields and then continue to the next question. Data Table X 220,000 175,000 $ 32 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 Fixed selling and administrative costs 12 3 880,000 130,000 Print Done