In Year 1, Klm Company sold land for $115,000 cash. The land had originally cost $45,000. Also, Kim sold inventory that had cost $192,000 for $278,000 cash. Operating expenses amounted to $46,000. Required a. Prepare a Year 1 multistep income statement for Kim Company. KIM COMPANY r 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