0 Required information Use the following information for the Exercies below. (Algo) [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 1. Net sales 2. Gain on state's condemnation of company property 3. Cost of goods sold 4. Income tax expense 5. Depreciation expense 6. Gain on sale of wholesale business segment, net of tax 7. Loss from operating wholesale business segment, net of tax 8. Loss of assets from meteor strike Debit $ 1,582,000 232,000 248,000 475,000 684,000 Credit $ 3,100,000 246,000 828,000 Exercise 13-17A (Algo) Income statement categories LO A2 Indicate where each of the following income-related items for this company appears on its current year income statement by selecting the appropriate section in the drop down beside each item. Check my

Required information Use the following information for the Exercies below. (Algo) [The following informstion 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 retall outiets. A listing of the major sections of an income statement follows. Exercise 13-17A (Algo) Income statement categories LO A2 Indicale where each of the following income-related items for this company appears on its current year income statement by selecting the appropriate section in the drop down beside each item. Required information Use the following information for the Exercies below. (Algo) [The following informstion 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 retall outiets. A listing of the major sections of an income statement follows. Exercise 13-17A (Algo) Income statement categories LO A2 Indicale where each of the following income-related items for this company appears on its current year income statement by selecting the appropriate section in the drop down beside each item