Helmers Corporation manufactures a single product. Variable costing net operating income last year was $83,000 and this year was $99,500. Last year, $30,900 in fixed manufacturing overhead costs were released from inventory under absorption costing. This year, $11,700 in fixed manufacturing overhead costs were deferred in inventory under absorption costing. What was the absorption costing net operating income last year? Multiple Choice $87,800 $83,000 $52,100 $113,900