estion 32: Jorgansen Lighting, Inc., manufactures heavy-duty street lighting systems for reports and absorptopany uses varabl reports and absorption costing for external reports to shareholders, creditors, and the government. The company has provided the following data: municipalities. The company uses variable costing for internal management Year 1 Year2 Year 3 Inventories: Beginning (units) Ending (units) Variable costing net operating income 200 170 180 170 220 $1,080,400 $1,032,40 $996,400 The company's fixed manufacturing overhead per unit was constant at $560 for all three years. Required: 1. Determine each year's absorption costing net operating income. Present your answer in the form of a reconciliation report. 2. In Year 4, the company's variable costing net operating income was S984,400 and its absorption costing net operating income was $1,012,400. Did inventories increase or decrease during Year 4? How much fixed manufacturing overhead cost was deferred or released from inventory during Year 4