The annual data that follow pertain to See it a manufacturer of swimming goggles (See It had no boginning inventones) (Click the icon to view the data.) Requirements 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for See it for the year 2. Which statement shows the higher operating income? Why? Reconcile the difference between the two statements 3. Soe It's marketing vice president believes a new sales promotion that costs $165,000 would increase sales to 235,000 goggles Should the company go ahead with the promotion? Give your reason DUI WA VITUO CUSTO NICOM SR tror entries with a zero biance, make sure to enter v in ne approprio con See It Conventional (Absorption Costing Income Statement Data Table For the Year Ended December 31 Sales revenue Sale price $ 43 Loss Cost of goods sold Variable manufacturing Beginning finished goods inventory expense per unit 17 Cost of goods manufactured Sales commission expense por unit 8 Cost of goods available for sale Fixed manufacturing overhead 2 820.000 Ending finished goods inventory Faced oporating expenses 290 000 Cost of goods sold Number of gogglos produced 235,000 GIUS Doll Number of goggles sold 225,000 Operating expenses Operating income