QS $4-13($Algo$)$ Identifying type of income statement LO P$4$

Indicate whether each statement describes a multiple$-$step income statement or a single$-$step income statement

$.$ Reports income from operations equal to gross profit less operating expenses.

$2.$ Separates income from operations from the other revenues and gains.

$3.$ Reports income from operations on a separate line.

$4.$ Reports nonoperating items below income from operations.