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Helmers Corporation manufactures a single product. Variable costing net operating income last year was $86,000 and...

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Accounting

Helmers Corporation manufactures a single product. 

Variable costing net operating income last year was $86,000 and this year was $103,000. 

Last year, $32,000 in fixed manufacturing overhead costs were released from inventory under absorption costing. 

This year, $12,000 in fixed manufacturing overhead costs were deferred in inventory under absorption costing.

What was the absorption costing net operating income this year?

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