The annual data that follow pertain to Swimmer, a manufacturer of swimming goggles. (Swimmer had no beginning inventories.) (Click the icon to view the data.) Requirements 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for Swimmer for the year. 2. Which statement shows the higher operating income? Why? Reconcile the difference between the two statements 3. Swimmer's marketing vice-president believes a new sales promotion that costs $170,000 would increase sales to 205,000 goggles. Should the company go ahead with the promotion? Give your reason. Requirement 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for Swimmer for the year. Begin with the conventional (absorption costing) income statement. (For entries with a zero balance, make sure to enter " 0 " in the anpronriato coll, Data table