In 2016, Kim Company sold land for $103,000 cash. The land had originally cost $55,000. Also, Kim sold inventory that had cost $191,000 for $294,000 cash. Operating expenses amounted to $37,000.

a.	Prepare a 2016 multistep income statement for Kim Company.
	Assume that normal operating activities grow evenly by 21% during 2017. Prepare a 2017 multistep income statement for Kim Company. Determine the percentage change in net income between 2016 and 2017. (Round your answer to one decimal place.)