04) Sm Corporation has the following data for the Inst two yenys: Variable costing net operating income, last year Variable costing net operating income, this year Fixed manufacturing overhead costs deferred in inventory under $70,000 $80,000 $22,000 absorption costing, last year Fixed manufacturing overhead costs released from inventory under absorption costing this year $30,000 Required: a. Determine the absorption costing net operating income last year. Show calculation! b. Determine the absorption costing net operating income this year. Show calculation