The annual data that follow pertain to Swim Clearly, a manufacturer of swimming goggles. (Swim Clearly had no beginning inventories.) (Click the icon to view the data.) Requirizements 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for Swim Clearly for the year. 2. Which statement shows the higher oneratina income? Why2 Reconcile the difference between the two statements. that costs $180,000 would increase sales to Data table Requirements 1. Prepare both comventional (ahsorption costing) and contribution margin (variable costing) income statements for Swim Clearly for the year. 2. Which statement shows the higher operating income? Why? Reconcile the difference between the two statements. 3. Swim Clearly's marketing vice-president believes a new sales promntion that costs $180,000 would increase sales to 240,000 goggles. Should the company go ahead with the promotion? Give your reason