statement Exercise 1 - Multiple-Step Income Statement Listed below in scrambled order are 11 income statement categories. Use the numerals 1 through 11 to indicate the order in which these categories should appear on a multiple-step income () Discontinued operations. ( ) Cost of goods sold. () Other revenues and gains. ( ) Net income. Income taxes. Sales revenue ( ) Gross profit on sales ( ) Income from operations. (Income from continuing operations before income taxes. () Operating expenses (Income from continuing operations. 3