. Change all of the numbers in the data area of your worksheet so that it looks like this: A B C 1 Chapter 4: Applying Excel 2 3 Data 4 Selling price per unit 35 286 5 Manufacturing costs: 6 Variable per unit produced: 7 Direct materials 35 135 8 Direct labor :8 62 9 Variable manufacturing overhead $ 30 10 Fixed manufacturing overhead per year $ 92,000 11 Selling and administrative expenses: 12 Variable per unit sold 35 8 13 Fixed per year $ 48,000 14 15 Year 1 Year 2 16 Units in beginning inventory 0 17 Units produced during the year 2,300 2,000 18 Units sold during the year 2,100 2,100 If your formulas are correct, you should get the correct answers to the following questions. (a) What is the net operating income (loss) in Year1 under absorption costing? ::| (b) What is the net operating income (loss) in Year 2 under absorption costing? :ZI (c) What is the net operating income (loss) in Year1 under variable costing? Net operating income Net operating loss (d) What is the net operating income (loss) in Year 2 under variable costing? Net operating income Net operating loss