Requirements 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for Eli's Electric Eyewear for the year ended December 31, 2018. 2. Which statement shows the higher operating income? Why? 3. Eli's Electric Eyewear's marketing vice president believes a new sales promotion that costs $50,000 would increase sales to 110,000 goggles. Should the company go ahead with the promotion? Give your reasoning Print Done ISW et more help Clear all Check answer Electric Eyewear a manufacturer of emimmina cocales (Elite Electric Frowear had no beginning Finished Go Data table & 140,000 100,000 s for Eli's Electric Eyewear $ CA 39 r 31, 2018 Number of goggles produced Number of goggles sold Sales price per unit Variable manufacturing cost per unit Sales commission cost per unit Fixed manufacturing overhead Fixed selling and administrative costs 7 1 1260.000 31 190.000 Print Done Check a III Question 6, P21-30A (si... Part 1 of 4 HW Score: 40%, 40 of 100 points O Points: 0 of 20 Save The 2018 data that follow pertain to Ell's Electric Eyewear, a manufacturer of swimming goggles (Eli's Electric Eyewear had no beginning Finished Goods Inventory in January 2018.) Click the icon to view the data.) Read the requirements 8 Requirement 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for Ells Electric Eyewear for the year ended December 31, 2018. (Round intermediary calculations to the nearest cent) Begin by preparing Eli's Electric Eyewear's conventional (absorption costing) Income statement for the year ended December 31, 2018 Eli's Electric Eyewear Income Statement (Absorption Costing) Year Ended December 31, 2018 Help me solve this Demodocs example Cleat all Check answer Get more help