Which of the following statements about the reformulated Income Statement is TRUE? 1. The reported tax expense must be allocated to both operating and financial Other Comprehensive Income (OCI) items 2. The separation of Core Operating Income from Sales and Core Other Operating Income is to identify recurring versus non-recurring components of Operating Income 3. The allocation of tax expense to the Core Operating Income from Sales is a residual amount Income generated from an investment in marketable securities should always be included in the NFE section of the reformulated Income Statement