Helmers Corporation manufactures a single product. Variable costing net operating income last year was $86,000 and this year was $103,100. Last year, $32,000 in fixed manufacturing overhead costs were released from inventory under absorption costing. This year, $12,000 in fixed manufacturing overhead costs were deferred in inventory under absorption costing What was the absorption costing net operating income last year? Multiple Choice $54,000 $86,000 $118,000 $91,100