Requirements 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 $155,000 would increase sales to 200,000 goggles. Should the company go ahead with the promotion? Give your reason. Print Done Data Table $ Sales price.... ...$ 49 Variable manufacturing expense per unit ... 22 Sales commission expense per unit $ 9 Fixed manufacturing overhead $ 2,000,000 Fixed operating expenses. .... $ 230,000 Number of goggles produced 200,000 Number of goggles sold .. 182,000 Print Done