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 Debit Credit 1 Loss of assets from meteor strike $ 2,900,000 2. 230,000 3. $ 1,480,000 4 217.000 5. Loss from property seized by foreign government Loss from government prohibiting further use of a natural resource Gain due to an infrequent calamity Loss from labor strike at manufacturing facility Income tax expense Gain on sale of wholesale business segment, net of tax Loss from operating wholesale business segment, net of tax 232,000 6. 775,000 444,000 7. Income (loss) from operating a discontinued segment, or gain (loss) from its disposal 8. 640,000