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In the current year, Randa Merchandising Incorporated 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. A listing of the major sections of an income statement follows.

Net 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, net of tax

Loss from operating wholesale business segment, net of tax

Loss of assets from meteor strike

$\backslash$table$[[$Debit$,$Credit$],[,$$$3,300,000$