Required information The following information applies to the questions displayed below) Josh Reddick owns a company that manufactures large stree sweepers for city governments. Reddick's uses variable costing for internal management reports and absorption costing for external reports to shareholders, creditors, and the government. The table below contains some data provided by Reddick. Year 1 Year 2 Year 3 Inventories Beginning (units) Ending (units) Variable costing net operating income 190 220 160 $300,000 160 190 $269,000 230 $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.) Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Year 1 Year 2 Year 3 Variable costing net operating income Add(deduct) forced manufacturing overhead deferred in released from) inventory under absorption costing Absorption costing net operating income