The annual 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.) (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. (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. Sam's Superb Eyewear Income Statement (Absorption Costing) Year Ended December 31 Operating Income Prepare Sam's Superb Eyewear's contribution margin (variable costing) income statement for the year ended December 31. Sam's Superb Eyewear Income Statement (Variable Costing) Year Ended December 31 Operating Income Requirement 2. Which statement shows the higher operating income? Why? costing is higher because the units sold The difference The income statement shows the higher operating income. The operating income under in operating income between the two income statements is attributable to the attached to the units Requirement 3. Sam's Superb Eyewear's marketing vice president believes a new sales promotion that costs $60,000 would increase sales to 220,000 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. Choose from any list or enter any number in the input fields and then continue to the next question. ? i Data Table X 235,000 210,000 $ 38 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 7 3 1,175,000 130,000 Print Done