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

Review Assignment Saved Help Save & E Che Year 1 $. 42,000 Year 2 42,000 Net sales Cost of goods sold Operating expenses Loss on the sale of land (18,900) (19,320) (8,400) (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