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 govemment The company has provided the following data: Inventories: Beginning (unlts) Ending (units 200 162 $293,800 187 225 $271,600 $259,900 162 187 Varlable costing net operating Income The company's fixed manufacturing overhead per unit was constant at $570 for all three years 3. 100 poins Required information Required 1. Determine each year's absorption costing net operating income Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Year 1 Year 2 Year 3 Variable oosting net operating income Add (deduct) foxed manufacturing overhead deferred in (released from)inventory under absorption costing Absorption costing net operating income