Brief Exercise 5-9 A company presented its income statement using the following format: Sales revenue Cost of goods sold Gross profit Administrative expenses Selling expenses Income from operations Other revenues and expensesx Income before income tax Income tax expense Net income $X $x Is this company using a single- or multiple-step form of income statement? The company is using a (bi) Is it classifying its expenses by nature or by function? The company is classifying its expenses by form of income statement