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 v costing for internal management reports and absorption costing for external reports to shareholders, creditors, ar government. The company has provided the following data: Year 1 Year 2 Year 3 200 Inventories: Beginning (units) Ending (units) Variable costing net operating income 170 180 $1,032,400 180 220 $996,400 $1,080,400 The company's fixed manufacturing overhead per unit was constant at $560 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) fixed manufacturing overhead deferred in (released from) inventory under absorption costing Absorption costing net operating income