The annual data that follows pertain to Goggles 4 U, a manufacturer of swimming goggles (the company had no beginning inventory): (Click the icon to view the data.) Read the requirements Cr. Requirement 1. Prepare both conventional (absorption costina) and contribution margin (variable costina) income statements for Gogales 4 U for the year. Begin with the conventional (absorption costing) income statement. X Goggles 40 Requirements Income Statement (Absorptid For the Year Ended Dece 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for Goggles 4 U for the year. 2. Which statement shows the higher operating income? Why? Less 3. The company marketing vice president believes a new sales promotion that costs $135,000 would increase sales 230,000 goggles. Should the company go ahead with the promotion? Give your reason Less: Operating expenses Print Done The annual data that follows pertain to Goggles 4 U, a manufacturer of swimming goggles (the company had no beginning inventory): (Click the icon to view the data.) Read the requirements Cr. Requirement 1. Prepare both conventional (absorption costina) and contribution margin (variable costina) income statements for Gogales 4 U for the year. Begin with the conventional (absorption costing) income statement. X Goggles 40 Requirements Income Statement (Absorptid For the Year Ended Dece 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for Goggles 4 U for the year. 2. Which statement shows the higher operating income? Why? Less 3. The company marketing vice president believes a new sales promotion that costs $135,000 would increase sales 230,000 goggles. Should the company go ahead with the promotion? Give your reason Less: Operating expenses Print Done