Accounting

to.mheducation.com/ext/map/index.html?_con=con&external_browser=>0&launchUrlshttps%253A252F%252FIms.mheducation.com$252Fmghm Connect Homework [due Day 7] Saved He For each item below, indicate whether the statement describes a multiple-step income statement or a single-step income statement. 1. Reports expenses in very few categories if any. 2. Only reports a total revenue subtotal and total expense subtotal. 3. Reports net income as the difference between total revenues less total expenses. 4 Does not separately report gross profit