In the current year, Randa Merchandising, Inc., 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. Indicate where each of the following income statement-related items for this company appears on its current year income statement by selecting the appropriate section in the drop down beside each item. Section Item 2. 3. 12345E25 Amortization expense Debit Credit $ 2,900,0 230,0 Gain on state's condemnation of company property Loss of assets from meteor strike Loss from property seized by foreign govemment Cost of goods sold Gain due to an infrequent calamity Loss from labor strike at manufacturing facility Gain on sale of wholesale business segment, eet of tax $ 1,480,000 217,000 232,000 775.0 444,000 640,000