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: Yent1 Yon 2 176 Inventories Beginning (unit) Ending units) Variable conting net operating incom 216 176 $360,000 19 $269,000 190 260 $260.000 The company's fixed manufacturing overhead per unit was constant $550 for all three years Required: 1. Calculate each year's absorption costing net operating income. (Enter any losses o deductions as a negative value) Reconciliation of Variable Costing and Absorption Costing Net Operating income Year 1 Year 2 Variable costing net operating income Add (deduct) food manufacturing overhead deferred in (released from) inventory under absorption costing Absorption conting net operating income