The annual data that follows pertain to See It, a manufacturer of swimming goggles (the company had no beginning inventory): LOADING...(Click the icon to view the data.) Requirements 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for See It 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 $ 140 comma 000 would increase sales to 215 comma 000 goggles. Should the company go ahead with the promotion? Give your reason.