The annual data that follows pertain to Swimmer, a manufacturer of swimming goggles (the company had no beginning inventory): Requirements Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for Swimmer for the year. Which statement shows the higher operating income? Why? The company marketing vice president believes a new sales promotion that costs exist150,000 would increase sales to 220,000 goggles. Should the company go ahead with the promotion? Give your reason. Requirement 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for Swimmer for the year. Begin with the conventional (absorption costing) income statement. Choose from any list or enter any number in the input fields and then click Check