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 1 2 3 Notes Gain on state's condemnation of company property Cost of goods sold Income tax expense Depreciation expense Gain on sale of wholesale business segment, not of tax Los from operating wholesale business segment not of tax Loss of assets from motoor strike 5 6 7 0 rop down beside each item Item Debit Credit $ 2,900,000 230,000 $ Not sales Gain on state's condemnation of company property Cost of goods sold Income tax expense Depreciation expense Gain on sale of wholesale business segment, not of tax Los from operating wholesale business segment, net of tax Loss of assets from motor strike 1.480.000 217.000 232,000 775000 444.000 640.000