Fairground Corporation manufactures a single product. The following data pertain to the company's operations over the last two years:

Variable costing net operating income, last year	$	52,000
Variable costing net operating income, this year	$	68,000
Fixed manufacturing overhead costs released from inventory under absorption costing, last year	$	4,000
Fixed manufacturing overhead costs deferred in inventory under absorption costing, this year	$	6,000

What was the absorption costing net operating income this year?

	a.	$74,000
	b.	$62,000
	c.	$66,000
	d.	$70,000