QS 4-13 (Algo) Identifying type of income statement LO P4 40 Indicate whether each statement describes a multiple-step income statement or a single-step income statement 5 points 02:58:40 1. Statement limited to two main categories (revenues and expenses). 2. Reports gross profit on a separate line. 3. Separates income from operations from the other revenues and gains. 4. Separates revenues and gains into operating or nonoperating. Skipped