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Match each term used in a multiple-step income statement with its description. 3 Gross profit Nonoperating expenses Operating expenses 1 Income before income taxes 2 5 Net income 6 Sales revenue 7 Cost of goods sold 00 Operating income Match each of the options above to the items below. Expenses arising from activities that are not part of a company's primary operations. Cost of inventory sold during the period. Profit most directly related to the sale of inventory. Profit from normal operations that is a key performance measure for predicting future profit. All revenues minus all expenses. Expenses arising from activities that are part of a company's normal operations. Amount recorded from the sale of products and services to customers. Amount of profit after including nonoperating revenues and expenses