The annual data that follows pertain to Goggles 4U, a manufachurer of swimming goggles (the company had no beginning imventory) (CEck the icon to view the data) Read the Requirement 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for Goggles 4 U for the year. Begin with the corventional (absorption costing) income statement Requirements 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for Goggles 4U for the year. 2. Which statement shows the higher operating income? Why? 3. The company marketing vice president believes a new sales promotion that costs $150,000 would increase sales to 200,000 goggles. Should the company go ahead with the promotion? Give your reason. Data table