Debit Credit $ 3,500,000 278,000 Tten 1. Gain on state's condemnation of company property 2. Net sales 3. Interest expense 4. Loss of assets from meteor strike 5. Anortization expense 6. Gain on sale of wholesale business segment, net of tax 7. Loss from labor strike at manufacturing facility 8. Loss from property seized by foreign government $ 1,786,000 262,000 280,000 935,000 536,000 772,000 A A RANDA MERCHANDISING, INCORPORATED Income Statement For Year Ended December 31 Net sales Expenses Cost of goods sold Depreciation expense 0 0 Total operating expenses 0 Other unusual and/or infrequent gains (losses) Gain on state's condemnation of company property Loss of assets from meteor strike Income from continuing operations before taxes Income tax expense 0 Discontinued segment Loss from operating wholesale business segment (net of tax) Gain on sale of wholesale business segment (net of tax) 0 $ 0 Net income Debit Credit $ 3,500,000 278,000 Tten 1. Gain on state's condemnation of company property 2. Net sales 3. Interest expense 4. Loss of assets from meteor strike 5. Anortization expense 6. Gain on sale of wholesale business segment, net of tax 7. Loss from labor strike at manufacturing facility 8. Loss from property seized by foreign government $ 1,786,000 262,000 280,000 935,000 536,000 772,000 A A RANDA MERCHANDISING, INCORPORATED Income Statement For Year Ended December 31 Net sales Expenses Cost of goods sold Depreciation expense 0 0 Total operating expenses 0 Other unusual and/or infrequent gains (losses) Gain on state's condemnation of company property Loss of assets from meteor strike Income from continuing operations before taxes Income tax expense 0 Discontinued segment Loss from operating wholesale business segment (net of tax) Gain on sale of wholesale business segment (net of tax) 0 $ 0 Net income