The annual data that follows pertain to See It, a manufacturer of swimming goggles (the company had no beginning inventory): (Click the icon to view the data.) Read the requirements. Data Table $ 6 Sales price Variable manufacturing expense per unit Sales commission expense per unit Fixed manufacturing overhead Fixed operating expenses Number of goggles produced Number of goggles sold $ 1,640,000 IN 235,000 205,000 HEN 185.000 Print Done . 0 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 $165,000 would increase sales to 205,000 goggles. Should the company go ahead with the promotion? Give your reason. Print Done