answer quick!! please use all pictures

The annual data that follows pertain to Rick's Radical Eyewear, a manufacturer of swimming goggles (the company had no beginning inventory (Click the icon to view the data) Requirements 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for Rick's Radical Eyewear for the year. 2. Which statement shows the higher operating income? Why? 2. The company marketing vice president believes a new sales promotion that costs $160,000 would increase sales to 205,000 gooples Should the company go ahead with the promotion? Give your reason Requirement 1. Prepare both conventional (absorption coating) and contribution margin (variable costing) income statements for Rick's Radical Eyewear for the year. Begin with the conventional (absorption costing) income statement Rick's Radical Eyewear Income Statement (Absorption Costing) For the Year Ended December 31 Data Table Less $ Less Operating expenses $ 16 Sales price Variable manufacturing expense per unit Sales commission expense per unit Fleed manufacturing overhead Fixed operating expenses Number of goggles produced Number of goggles sold $ 13 $ 1,040,000 S Now let's prepare the contribution margin (variable costing) income statement for Rick's Radical Eyewear for the year Rick's Radical Eyewear Contribution Margin (Variable Costing) Income Statement For the Year Ended December 31 230,000 205,000 190,000 Less Print Done Choose from any list or enter any number in the input fields and then continue to the next question The annual data that follows pertain to Rick's Radical Eyewear, a manufacturer of swimming poogle (the company had no beginning inventory Click the icon to view the data) Requirements 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for Rick's Radical Eyewear for the year. 2. Which statement shows the higher operating income? Why? 3. The company marketing vice president believes a new sales promotion that cost $160,000 would increase sales to 205,000 goggles. Should the company go ahead with the promotion? Give your reason For the Year Ended December 31 Less Less Requirement 2. Which statement shows the higher operating income? Why? Absorption costing operating income is variable costing operating income. This is because absorption costing defers s of found manufacturing overhead as an asset in ending inventory. In contrast, variable costing expenses the food manufacturing overhead during the year, Variable costing expenses costs during the year, so variable costing operating income is $ than absorption conting income the year Requirements. The company marketing vice president believes a new sales promotion that costs $160,000 would increase sales to 205,000 goggles. Should the company go ahead with the promotion? Give your reason Use the contribution margin income statement format to evaluate the sales promotion Choose from any list or enter any number in the input fields and then continue to the next question Requirement 2. Which statement shows the higher operating income? Why? Absorption costing operating income is variable costing operating income. This is because absorption costing defors 5 of fixed manufacturing overhead as an asset in ending inventory. In contrast, variable costing expenses the fixed manufacturing overhead during the year. Variable costing expenses costs during the year, so variable costing operating income is $ than absorption costing Income the year Requirement 3. The company marketing vice president believes a new sales promotion that costs $160,000 would increase sales to 205,000 goggles should the company go ahead with the promotion? Give your reason Use the contribution margin income statement format to evaluate the sales promotion Increase in contribution margin Increase in fixed expenses Increase in operating income Rick's Radical Eyewear with the promotion because the increase in contribution margin the increase in fixed costs Choose from any list or enter any number in the input fields and then continue to the next