5 3 The following information was drawn from the records of Toner Sales Company: points Net sales. Cost of goods sold Year 1 $ 56,000 (23,520). Year 2 $ 56,000 (26,880) Operating expenses. (8,400) (14,000) Loss on the sale of land 0 (6,720) 01:37:32 eBook Print References Required: a. Prepare a multistep income statement for each year. TONER SALES COMPANY Multistep Income Statement For the Years Ended December 31, Year 1 and Year 2 Year 1 Year 2 5 points 01:37:16 eBook Print References b. Prepare a common size income statement for each year. TONER SALES COMPANY Common Size Income Statement For the Years Ended December 31, Year 1 and Year 2 Year 1 % Year 2 % % %