www www The following information applies to the questions displayed below) Jorgansen Lighting, Inc., manufactures heavy-duty street lighting systems for municipalities. The company uses variable conting for internal management reports and absorption costing for external reports to shareholders, creditors, and the government. The company has provided the following data: Year Year YA Ewentori Vegann (unit) 212 150 En Cunit) 100 23 Varkable contingit operating Income $290,000 120.000 260,00 100 150 The company's fixed manufacturing overhead per unit was constant at $400 for all three years Exercise 7-3 Part 1 Required: 1 Calculate each year's absorption costing net operating income. (Enter any losses or deductions negative value 190 Hoconelition of Vilatie Casting and Absorption Couting Net Operating Income Year 1 Year 2 Year Variable conting net operating income $ 2105 150 $ Add(dedudud manufacturing overhead deferred in leased from inventory under absorption costing Absorption conting net operating income 2 Pro Nont>