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Required information

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Jorgansen Lighting, Incorporated, manufactures heavy$-$duty street lighting systems for municipalities. The company uses variable costing for internal management reports and absorption costing for external reports. The company provided the following data:

Required:

Calculate each year's absorption costing net operating income.

Note: Enter any losses or deductions as a negative value.

$\backslash$table$[[$Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes$],[,$Year $1,$Year $2,$Year $3,],[$Variable costing net operating income,,,,$],[\backslash$table$[[$Add $($deduct$)$ fixed manufacturing overhead deferred$],[$in $($released from$)$ inventory under absorption costing$]],,,,],[$Absorption costing net operating income,,,,$]]$