ALL DATA IS IN PHOTO

PLEASE DO ALL REQUIRMENTS:

$1.$Prepare both conventional $($absorption costing$)$ and contribution margin $($variable costing$)$ income statements for Sam's Superb Eyewear for the year ended December $31.$

$2.$Which statement shows the higher operating income? Why?

$3.$Sam's Superb Eyewear's marketing vice president believes a new sales promotion that costs $ $100$ comma $000$ would increase sales to $120$ comma $000$ goggles. Should the company go ahead with the promotion? Give your reasoning.