Change all of the numbers in the data area of your worksheet so that it looks like this:Change all of the numbers in the data area of your worksheet so that it looks like this:

If your formulas are correct, you should get the correct answers to the following questions.

$($a$)$ What is the net operating income $($loss$)$ in Year $1$ under absorption costing? $($Loss amounts should be indicated with a minus sign.$)$

If your formulas are correct, you should get the correct answers to the following questions.

$($b$)$ What is the net operating income $($loss$)$ in Year $2$ under absorption costing? $($Loss amounts should be indicated with a minus sign.$)$

$($c$)$ What is the net operating income $($loss$)$ in Year $1$ under variable costing? $($Loss amounts should be indicated with a minus sign.$)$

d$)$ What is the net operating income $($loss$)$ in Year $2$ under variable costing? $($Loss amounts should be indicated with a minus sign.$)$