Which of the following is correct about the statement of profit or loss? Choose ALL that are correct.

Group of answer choices

1. Is an account of revenue, expenses and profit for a given period of time

2. Recaps all the activities of the company intended to produce a profit

3. Includes all sales and all costs incurred in making those sales, except those which have not yet been paid for in cash

4. Includes all overhead costs incurred in running the operations