Check Required information [The following information applies to the questions displayed below.) Jorgensen Lighting, Inc., 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 Year 3 Inventories Beginning (units) Ending unita) Variable coating net operating income Year 2 170 180 $1,032,400 200 170 $1,080,400 180 220 8996,400 The company's fixed manufacturing overhead per unit was constant at $560 for all three years. Required: 1. Calculate each year's absorption costing net operating income. (Enter any losses or deductions as a negative valud.) Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Year 1 Year 2 Year Variable costing net operating income $ 1,080 400 $ 1032.400 $ 906.400 Add(deduct)fed manufacturing overhead deferred in released from) inventory under absorption costing Absorption costing net operating income