The following information was drawn from the records of Toner Sales Compan Net sales Cost of goods sold Operating expenses Loss on the sale of land Year 1 Year 2 $ 58,000 $ 58,000 (17,400) (20,300) (8,700) (14,500) 0 (7,540) 3:57 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 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 % % %