0 Requhedinfonnaon [The following information applies to the questions displayed below] In the current year, Randa Merchandising Incorporated sold its interest in a chain of wholesale outlets, taking the company completely out of the wholesaling business. The company still operates its retail outlets. A listing of the major sections of an income statement follows. Item Debit Credit 1. Net sales $ 3,000,000 2. Gain on state's condemnation of company property 238.000 3. Cost of goods sold $ 1.531.000 4. Income tax expense 224,000 5. Depreciation expense 240.000 6. Gain on sale of wholesale business segment, net of tax 802,000 7. Loss from operating wholesale business segment, net of tax 459,000 8. Loss of assets from meteor strike 662,000 Prepare the December 31 year-end income statement. (Loss amounts should be indicated with a minus sign.) Net sales Expenses: Total operating expenses Other unusual and/or infrequent gains (losses)