The annual data that follows pertain to Goggles Only, a manufacturer of swimming goggles (the company had no beginning inventory): (Click the icon to view the data.) Read the requirements. Requirement 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for Goggles Only for the year. Begin with the conventional (absorption costing) income statement. Goggles Only Income Statement (Absorption Costing) For the Year Ended December 31 Data Table Sales revenue 10387000 Less: Cost of goods sold Gross profit Sales price $ 47 Less: Operating expenses $ 20 Operating income $ 9 $ 2,820,000 Variable manufacturing expense per unit Sales commission expense per unit Fixed manufacturing overhead Fixed operating expenses Number of goggles produced Number of goggles sold $ 250,000 235,000 221,000 Print Done