The annual data thut fossws pertain to see ti, a manutacturer of swimening goggies the compary had no beginning inventory? III (Clas the iech ta viow the data.) Read the reaulioneats incorve statemant to See it, a manufacturer of swimming goggles (the company had no beginning Data table 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 $150,000 would increase sales to 240,000 goggles. Should the company go ahead with the promotion? Give your reason