The annual data that follows pertain to , a manufacturer of swimming goggles (the company had no beginning inventory): LOADING...(Click the icon to view the data.) Read the requirementsLOADING.... Question content area bottom Part 1 Requirement 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for for the year. Begin with the conventional (absorption costing) income statement. Swimmer Income Statement (Absorption Costing) For the Year Ended December 31 Less: Less: Operating expenses