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 appropriale section in the drop down beside each item. Section Debit $ Credit 2.900.000 230.000 $ Item Depreciation expense Income tax expense Selling and administrative expense Amortization expense Gain on state's condemnation of company property Loss of assets from meteor strike Loss from property seized by foreign government Cost of goods sold 1,480,000 217.000 232,000 5. 775,000 7 444,000 640,000 In the current year, Randa Merchandising, Inc., sold its interest in a chain of wholesale outlets, taking 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 by selecting the appropriate section in the drop down beside each item. Section Depreciation expense Linsen best expense administrati Net sales less operating expense section n expense Other unusual and/or infrequent gains (losses) te's condem ets from met Taxes reported on income (loss) from continuing operations roperty seize Income (loss) from operating a discontinued segment, or gain (loss) from its disposal ds sold N . In the current year, Randa Merchandising. Inc., sold its interest in a ch ain of wholesale outlets, taking the com 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 by selecting the appropriate section in the drop down beside each item. Section Ite Depreciation expense Income tax expense Selling and administrative expens - expense ate's condemnation of Net sales less operating expense section zets from meteor strike Other unusual and/or infrequent gains (losses) property seized by fore ods sold Taxes reported on income (loss) from continuing operations Income (loss) from operating a discontinued segment, or gain (loss) from its disposal Section Depreciation expe Income tax expen Selling and admin Amortization expe Gain on state's co Loss of assets from Frama propert ods sold m mmmmmmmmmmmmmmmwwwwwwwwww MALA LLA . Other unusual and/or infrequent gains (losses) Net sales less operating expense section Taxes reported on income (loss) from continuing operations - 13 Assessment i Saved In the current year, Randa Merchandising, Inc., sold its interest in a chain of wholesale outlets, taking the 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 cu by selecting the appropriate section in the drop down beside each item. 3. an expense Other unusual and/or infrequent gains (losses) expense Net sales less operating expense section administrative Taxes reported on income (loss) from continuing operations in expense Income (loss) from operating a discontinued segment, or gain (loss) from its disposal ste's condemnat TRUSS vi assets from meteo Loss from property seized Cost of goods sold 8