The following information was drawn from the records of Toner Sales Company. Net sales Cost of goods sold Operating expenses Loss on the sale of land Required: Year 1 $ 50,000 (20,000) (12,500) Year 2 $ 50,000 (22,500) (15,000) (8,000) 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 0 0 0 0 $ 0 $ 0 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 % 0 0 0 0 0 0 0 0 $ 0 0 % S 0 0%