The following information applies to the questions displayed below.) Jorgansen Lighting, Inc...manufactures heavy-duty street lighting systems for municipalities. The company uses veriable costing for internal management reports and absorption costing for external reports to shareholders, creditors, and the government. The company hos provided the following dota: Year 1 Year 2 Year 3 Inventories 194 230 Variable costing net operating income $292.800 $272,900 $254000 Beginning lunits) Ending (units 207 156 156 194 The company's fixed manufacturing overheed per unit was constant et $559 for all three years 16.66 points Required 1. Determine each year's absorption costing net operating income Reconciliation of Variable Costing and Absorption Costing Not 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 2. In Year 4, the company's variable costing net operating income was $244,200 and its absorption costing net operating income was S271 400 a. Did inventories increase or decrease during Year 47 Increase Decrease b. How much fixed manufacturing overhead cost was deferred in or released from inventory during Year 4? ixed manufacturing overhead cost nventory during Year 4