O Required information [The following information applies to the questions displayed below) Jorgansen Lighting, Inc., manufactures heavy-duty street lighting systems for municipalities. The company uses variable costing for Internal management reports and absorption costing for external reports to shareholders, creditors, and the government. The company has provided the following data: Year 1 Year 2 Year 3 Inventories Beginning (units) Ending (units) Variable coating net operating income 200 150 $300,000 150 200 $269,000 200 230 $250,000 The company's fixed manufacturing overhead per unit was constant at $550 for all three years. Required: 1. Calculate each year's absorption costing net operating income (Enter any losses or deductions as a negative value.) Reconeiliation of Variable Costing and Absorption Conting Net Operating Incomes Year 1 Year 2 Year Variable contin net operating income Add (deduct) fed manufacturing over vad deferred in (released from inventory under absorption costing Absorption costing net operating income