The annual data that follows pertain to Shady, 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 Shady for the year. Begin with the conventional (absorption costing) income statement. Shady Income Statement (Absorption Costing) Data Table - X For the Year Ended December 31 Sales revenue 10560000 Less: Cost of goods sold 7040000 Sales price $ 41 Gross profit 3520000 Variable manufacturing expense per unit... S Less: Operating expenses 1800000 Sales commission expense per unit.... $ 6 Operating income 1720000 Fixed manufacturing overhead.. $ 2,310,000 Fixed operating expenses $ 265,000 Number of goggles produced 210,000 Number of goggles sold 200,000 TER 18 Print Done Choose from any list or enter any number in the input fields and then click Check Answer 5 parts remaining Clear All Check