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 Debit 3. 4 Section Item Net sales ods sold in expense Net sales less operating expense section pense Other unusual and/or infrequent gains (losses) I administrative expense Taxes reported on Income (loss) from continuing operations Inexpenso it's condemnation of company property Income (loss) from operating a discontinued segment, or gain (loss) from its disposal sets from motoor striko $ 1.400,000 217.000 232,000 5 6 444,000 640.000 Proy 5 of 7 !!! Next in a chain of wholesale outlets, taking the company completely out of outlets. items for this company appears on its current year income statement each item. Item Dobit Credit $ 2,900,000 230,000 Net sales Cost of goods sold Depreciation expense Interest expense Selling and administrative expense Amortization expense Gain on state's condemnation of company property Loss of assets from meteor strike $ 1,480,000 217.000 232,000 775,000 444,000 640,000