For loss from earthquake damages, it is treated like a discontinued operation instead of unusual or infrequent events. I believe the particular item should be under other loss&expense not as extraordinary items

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E4-6 (L02,3,4) (Multiple-Step Statement) The following balances were taken from the books of Alonzo Corp. on December 31, 2017. 40,000 Interest revenue Cash Sales revenue Accounts receivable Prepaid insurance $ 86,000 51,000 1,380,000 Accumulated depreciation-equipment Accumulated depreciation-buildings Notes receivable 28,000 155,000 194,000 170,000 100,000 97,000 32,000 60,000 100,000 150,000 500,000 150,000 Selling expenses 20,000 150,000 7,000 45,000 100,000 200,000 140,000 621,000 Accounts payable Bonds payable Administrative and general expenses les returns and allowances owance for doubtful accounts ex Land Equipment Buildings Cost of goods sold Notes payab Loss from earthquake dama Common stock Retained earnings 21,000 Assume the total effective tax rate on all items is 34%. Instructions Prepare a multiple-step income statement; 100,000 shares of common stock were outstanding during the year