Q7: please help asap

Data table variable costing tement. The annual data that follows pertain to Sea Down There, a manufacturer of swimming goggles (the company had no beginning inve (Click the icon to view the data.) Requirements 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for Sea Down There 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 210,000 goggles. Should the company go ahead with the promotion? Give your reason. The annual data that follows pertain to Sea Down There, a manufacturer of swimming goggles (the company had no beginning inventory); (Click the icon to viow the data.) Read the Requirement 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for Sea Down There for the year. Begin with the conventional (absorption costing) income statement