If your formulas are correct, you should get the correct answers to the following questions. (a) What is the net operating income (loss) in Year 1 under absorption costing? (Loss amounts should be indicated with a minus sign. Net operating loss $ 42,000 (b) What is the net operating income (loss) in Year 2 under absorption costing? (Loss amounts should be indicated with a minus sign.) Net operating loss $ 18,000 (c) What is the net operating income (loss) in Year 1 under variable costing? (Loss amounts should be indicated with a minus sign.)