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 conting) Income statements for Sam's Superb Eyewear for the yw ended December 31 nearest cent) Begin by preparing San's Superb Eyewear's conventional (absorption conting) Income statement for the year ended December 31 Sam's Superb Eyewear Income Statement (Absorption Costing Year Ended December 31 Operating Income Choose from any list or enter any number in the input fields and then click Check Answer Requirements - X 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for Sam's Superb Eyewear for the year ended December 31. 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 $135,000 would increase sales to 180,000 goggles Should the company go ahead with the promotion? Give your reasoning. Print Done . X i i Data Table 190,000 165,000 CA 35 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 8 6 1,140,000 210.000 Print Done in