In Year 1, Kim Company sold land for $100,000 cash. The land had originally cost $49.000. Also, Kim sold Inventory that had cost $197,000 for $290,000 cash. Operating expenses amounted to $41.000. Required a. Prepare a Year 1 multistep Income statement for Kim Company KIM COMPANY Income Statement For the year ended December 31, Year 1 Non-Operating Items b. Assume that normal operating activities grow evenly by 27% during Year 2. Prepare a Year 2 multistep Income statement for Kim Company KIM COMPANY Income Statement For the year ended December 31, Year 2 Expenses Non-Operating Items c. Determine the percentage change in net income between Year 1 and Year 2 (Round your answer to one decimal place.) Net income d. Should the stockholders have expected the results determined in Requirement c