13 Part 1002 points Required information 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 ouders. A listing of the major sections of an income statement follows The 2.Gain on state's conceration of company property 3. Cost of goods sold 279,000 $1,775,000 4. Income tax pense 5. Depreciation expense) 254,000 273,000 6. Caln on sale of sholesale business segment, net of 7. Lass from operating wholesale business egent, net 8. Loss of assets from meteor strike 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 2 3 A 5 Section fem Debit state's condemnation of company property Credit $3400000 270,000 Cost of goods sold 5-1735.000 Income tax expense 254,000 Depreciation expense 272,000 Gain sale of wholesale business segment, net of tax 900,000 erating wholesale buress singment, het of tax 521,000 Loss of asters from tror ske 250,000