Danahy Corporation manufactures a single product. The following data pertain to the company's operations over the last two years: $ 52,000 $ 68,000 Variable costing net operating income, last year Variable costing net operating income, this year Fixed manufacturing overhead costs released from inventory under absorption costing, last year Fixed manufacturing overhead costs deferred in inventory under absorption costing, this year $ 4,000 $ 6,000 What was the absorption costing net operating income this year? Multiple Choice $62,000 $66,000 $74,000 $70,000