The following information was drawn from the records of Toner Sales Company: 2016 2017 Net sales Cost of goods sold Operating expenses Loss on the sale of land $40,000 $ 40,000 (16,000) (16,800) (8,000) (10,000) 0 (6,000) Required a. Prepare a multistep income statement for each year TONER SALES COMPANY Multistep Income Statement For the Years Ended December 31, 2016 and 2017 2016 2017 b. Prepare a common size income statement for each year. TONER SALES COMPANY Common Size Income Statement For the Years Ended December 31, 2016 and 2017 2016 2017