#2-PART #2 In Year 1, Kim Company sold land for $111,000 cash. The land had $187,000 for $289,000 cash. Operating expenses amounted to $36,000. ly cost $58,000. Also, Kim sold inventory that had cost b. Assume that normal operating activities grow evenly by 26% during Year 2, Prepare a Year 2 multistep income statement for Ki