Required information The following information applies to the questions displayed below.) Jorgansen Lighting, Inc., manufactores 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 Inventories Beginning (unit) Endine (units) Vallecasting net patine Incom 200 170 $1,000,00 170 130 $1.033.400 220 $996,600 The company's fixed manufacturing overhead per unit was constant at 5560 for all three years Required: calculate each year's absorption costing net operating income. (Enter any losses or deductions as a negative volue) Reconciliation of Variante Conting and Absorption Costing Net Operating incomes Year 1 Year 2 Year Vanese casting petang income Mda (deducted manufacturm overhead detoned released tromventory underton costing Absorption costing net operating incom Jorgensen 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 govemment. The company has provided the following datos 1 Year Year Inventories: Beginning (uits) Ending (unit) Variable costing net operating income 200 170 $1,000,00 170 10 51,032,400 TO 220 $996,400 The company's foxed manufacturing overhead per unit was constant at $560 for all three years 2 Assume In Year a that the company's variable costing net operating income was $984.400 and its absorption costing net operating Income was $1.012.400 a Did Inventories increase or decrease during Year 42 Increase Decrease b. How much feed manufacturing overhead cost was deleted or released from inventory during Year 4