This is all of the information given to me. I already done the first part of requirement 1. Thanks!

The annual data that follows pertain to Goggles 4 U, 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 Goggles 4 U for the year. Begin with the conventional (absorption costing) income statement. Goggles 4 U Income Statement (Absorption Costing) For the Year Ended December 31 Requirements Sales revenue $ 9,800,000 Less: Cost of goods sold 6,400,000 Gross profit 3,400,000 1,440,000 Less: Operating expenses 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for Goggles 4 U 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 $160,000 would increase sales to 220,000 goggles. Should the company go ahead with the promotion? Give your reason. $ 1,960,000 Operating income Now let's prepare the contribution margin (variable costing) income statement for Goggles 4 U for the year. Goggles 4 U Contribution Margin (Variable Costing) Income Statement For the Year Ended December 31 Sales revenue $ 9,800,000 Less: Variable expenses Variable cost of goods sold 4,600,000 1,200,000 Less: Fixed operating expenses 1,780,000 Operating income