The annual data that follows pertain to Swim Clearly, a manufacturer of swimming goggles (the company had no beginning inventory). BEE (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 Swim Clearly for the year Begin with the convent income statement Swim Clearly Income Statement (Absorption Costing). Data table - For the Year Ended December 31 Sales revenue Less Cost of goods sold Gross profit Less Operating expenses Operating income Sales price.. Sales commission expense per unit 49 Variable manufacturing expense per unit... S 24 7 Fixed manufacturing overhead. Fixed operating expenses. $ 1,640,000 S 230,000 Number of goggles produced. Number of goggles sold 205,000 195,000 Print Done