Please answer all requirements and I WILL give a like. Thank you!

- Requirements 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for Swimmer 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 $140,000 would increase sales to 215,000 goggles. Should the company go ahead with the promotion? Give your reason. The annual data that follows pertain to Swimmer, a manufacturer of swimming goggles (the company had no beginning inventory): Click the icon to view the data.) Read the fequirements ***** 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. Swimmer Income Statement (Absorption Costing) For the Year Ended December 31 Less Less: Operating expenses Data Table $ . Sales price 47 Variable manufacturing expense per unit .. $ 18 Sales commission expense per unit ....... $ Fixed manufacturing overhead.. $ 1,935,000 Fixed operating expenses $ 265,000 Number of goggles produced... 215,000 Number of goggles sold 195,000 ... =====