30 Part 1of 2 Required information [The following information applies to the questions displayed below.] Jorgansen Lighting, Incorporated, manufactures heavy-duty street lighting systems for municipalities. The company uses variable costing for internal management reports and absorption costing for external reports to shareholders, creditors, and the government. The company has provided the following data: Year 1 Year 2 Year 3 Inventories: Beginning (units) 200 170 180 Ending (units) 170 180 220 Variable costing net operating income $ 1,080,400 $ 1,032,400 $ 996,400 The company's fixed manufacturing overhead per unit was constant at $560 for all three years. Hint Required: 1. Calculate each year's absorption costing net operating income. (Enter any losses or deductions as a negative value.) References Variable costing net operating income Add (deduct) fixed manufacturing overhead deferred in (released from) inventory under absorption costing Absorption costing net operating income ; , Required information [The following information applies to the questions displayed below.] P Raner, Harris and Chan is a consulting firm that specializes in information systems for medical and dental clinics. The firm art 3 of 4 . . . . . . . i ; . has two officesone in Chicago and one in Minneapolis. The firm classifies the direct costs of consulting jobs as variable costs. A contribution format segmented income statement for the company's most recent year is given: 0.5 Office points Total Company Chicago Minneapolis Sales $ 450,000 100% $ 150,000 100% $ 300,000 100% Variable expenses 225,000 50% 45,000 30% 180,000 60% Contribution margin 225,000 50% 105,000 70% 120,000 40% !l Traceable fixed expenses 126,000 28% 78,000 52% 48,000 16% eBook Office segment margin 99,000 22% $ 27,000 18% $ 72,000 @ 24% Common fixed expenses not traceable to offices 63,000 14% @ Net operating income $ 36,000 8% References 3. Assume that sales in Chicago increase by $50,000 next year and that sales in Minneapolis remain unchanged. Assume no change in fixed costs. a. Prepare a new segmented income statement for the company. (Round your percentage answers to 1 decimal place (i.e. 01234 should be entered as 12.3).)