X Connect X Chat Microsoft Teams X STUDYBLUE|Find and share onli G lucation.com Saved 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 variable costing for internal management reports and absorption costing for external reports to shareholders, creditors, and the government. The company has provided the following data: Year 1 Year 2 Year Inventories Beginning (units) Ending (units) Variable casting net operating income zia 168 $300.ee 160 299 $279,800 200 239 $250,00 The company's fixed manufacturing overhead per unit was constant at $400 for all three years. Required: 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 Yeart Year 2 Year 3 Variable costing net operating income Add (deduct) fed manufactung overhead deferred in (released from inventory under absorption costing Absorption costing net operating income