Identify the statements below which are correct regarding a merchandiser's multi-step income statement?
1) It includes multiple sections such as gross profit, operating expenses, and net income.
2) It is a financial statement that shows the revenue, expenses, and net income of a merchandising business.
3) It is prepared to provide a detailed analysis of a merchandiser's financial performance.
4) It is used to calculate the cost of goods sold for a merchandising business.