The annual data that follows pertain to Swim Clearly, a manufacturer of swimming goggles (the company had no beginning inventory): E (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 conventional (absorption costing) income statement. Swim Clearly Income Statement (Absorption Costing) For the Year Ended December 31 Data Table Less: Less Operating expenses Sales price......... $ 47 Variable manufacturing expense per unit ... $ 24 Sales commission expense per unit $ 13 Fixed manufacturing overhead.. $ 1,640,000 Fixed operating expenses. $ 235,000 Number of goggles produced. 205,000 Number of goggles sold 190,000 Print Done AIM TL Vid