The following information was drawn from the records of Toner Sales Company:

	Year 1				Year 2
Net sales	$	58,000			$	58,000
Cost of goods sold		(17,400	)			(20,300	)
Operating expenses		(8,700	)			(14,500	)
Loss on the sale of land		0				(7,540	)

Required: a. Prepare a multistep income statement for each year. (Amounts to be deducted should be indicated with minus sign.)

P.S use the first top group of numbers for charts

Review Assignment i Saved Help Save & E Che Net sales Cost of goods sold Operating expenses Loss on the sale of land Year 1 $ 42,000 (18,900) (8,400) 0 Year 2 $ 42,000 (19,320) (10,920) (5,880) Required: a. Prepare a multistep income statement for each year. (Amounts to be deducted should be indicated with minus sign.) 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. bok TONER SALES COMPANY Common Size Income Statement For the Years Ended December 31, Year 1 and Year 2 Year 1 int Year 2 ences