I am struggling to work through this and prepare the December 31 income statement:

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.

ItemDebitCredit 1. Gain on state's condemnation of company property $ 4,100,000 2. Gain due to an infrequent calamity 325,000 3. Depreciation expense $ 2,092,000 4. Loss of assets from meteor strike 307,000 5. Loss from property seized by foreign government 328,000 6. Net sales 1,096,000 7. Cost of goods sold 628,000 8.Loss from labor strike at manufacturing facility905,000