H&M Department Store Income Statement For the Year ended 12-31-19 Revenues: Net Sales revenue Other revenues Total revenues $25,265 873 26,138 Expenses: Cost of goods sold (20,047) Operating expenses (3,552) Total expenses (23,599) Net income $ 2,539 The Income statement shown above is an example of: Select one: a. multi-step income statement b. single-step income statement c. classified income statement d. liquidity-based income statement