I'm having issues finding the fixed manufacturing overhead cost deferred in inventory under absorption costing

Walsh Company manufactures and sells one product. The following information pertains to each of the company's first two years of operations: $ Variable costs per unit: Manufacturing: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expenses 25 13 6 5 $ $ 320,000 90,000 During its first year of operations, Walsh produced 50,000 units and sold 40,000 units. During its second year of operations, it produced 40,000 units and sold 50,000 units. The selling price of the company's product is $59 per unit. Required: 1. Assume the company uses variable costing: a. Compute the unit product cost for year 1 and year 2. Year 1 Year 2 Unit product cost $ 44 $ 44 b. Prepare an income statement for year 1 and year 2. Walsh Company Income Statement Year 1 Year 2 Sales $ 2,360,000 $ 2,950,000 Variable expenses Variable cost of goods sold Variable selling and administrative 1,760,000 200,000 2,200,000 250,000 Total variable expenses Contribution margin 1,960,000 400,000 2,450,000 500,000 Fixed expenses Fixed manufacturing overhead Fixed selling and administrative expense 320,000 320,000 90,000 90,000 Total fixed expenses 410,000 410,000 (10,000) Net operating loss $ $ 90,000 2. Assume the company uses absorption costing: a. Compute the unit product cost for year 1 and year 2. (Round your answers to 2 decimal places.) Year 1 Year 2 Unit product cost $ 50.40 $ 52.00 b. Prepare an income statement for year 1 and year 2. (Round your intermediate calculations to 2 decimal places) Walsh Company Income Statement Year 1 Year 2 Sales $ 2,360,000 $ 2,950,000 2,016,000 2,584,000 344,000 366,000 Cost of goods sold Gross margin Selling and administrative expenses Net operating income (loss) 340,000 290,000 54,000 $ $ 26,000 3. Reconcile the difference between variable costing and absorption costing net operating income in year 1 and year 2. Year 1 Year 2 $ $ 90,000 (10,000) 60,000 Variable costing net operating income (loss) Add: Fixed manufacturing overhead cost deferred in inventory under absorption costing Deduct: Fixed manufacturing overhead cost released from inventory under absorption costing Absorption costing net operating income (loss) (60,000) 30,000 $ 50,000 $