Debit Credit $3,150,000 145,000 1. Net sales 2. Gain on state's condemnation of company property (net of tax) 3. Cost of goods sold 4. Income taxes 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. Salaries expense $1,600,000 245,000 215,000 650,000 410,000 700,000 Use the financial data for Randa Merchandising, Inc. to prepare its multiple-step income statement for calendar year 2017