The annual data that follows pertain to Joe's Pool Stuff, a manufacturer of swimming goggles (the company had no beginning inventory): (Click the icon to view the data.) Read the reguirements. Requirement 1. Prepare both conventional (absorption costing) and contnbution margin (variable costing) income statements for Joe's Pool Stuff for the year. Begin with the conventional (abscrption costing) income statement. The annual data that follows pertain to Joe's Pool Stuff, a manufacturer of swimming goggles (the company had no beginning inventory): (Click the icon to view the data.) Read the reguirements. Requirement 1. Prepare both conventional (absorption costing) and contnbution margin (variable costing) income statements for Joe's Pool Stuff for the year. Begin with the conventional (abscrption costing) income statement