The annual data that follows pertain to Joe's Pool Stuff, a manufacturer of swimming google (the company had no beginning inventory III Cick the icon to view the data) Read the requirements Requirement 1. Prepare both conventional (absorption costing and contribution margin (variable costing) income statements for Joe's Pool Stuff for the year. Begin wth the conventional absorption costing income statement Joe's Pool Stuff Income Statement(Absorption Costing For the Year Ended December 31 Sales revence 8100000 Less Cost of goods sold Less Operating expenses (variable costinal income statements for Joe's Poo - Data Table Sales price.. .....$ 45 Variable manufacturing expense per unit ... $ 15 Sales commission expense per unit ... .. $ 6 Fixed manufacturing overhead....... $ 1,640,000 Fixed operating expenses. $ 235,000 Number of goggles produced.... 205,000 Number of goggles sold ..., 180,000 Print Done w Contribution margin Cost of goods sold Fixed expenses Fixed manufacturing overhead Fixed operating expenses Gross profit Operating expenses Operating income Sales revenue Variable cost of goods sold Variable expenses Variable operating expenses e inpu