In 2017, 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. A listing of the major sections of an income statement follows:
A. Net sales less operating expense section
B. Other unusual and/or infrequent gains (losses)
C. Taxes reported on income (loss) from continuing operations
D. Income (loss) from operating a discontinued segment, or gain (loss) from its disposal Indicate where each of the following income-related items for this company appears on its 2017 income statement by writing the letter of the appropriate section in the blank beside each item.

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Credit 1. Net sales 2. Gain on state's condemnation 2,900,000 of company property, net of tax. Cost of goods sold Income taxes 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, net of tax 230,000 3. 4. 5. 6. $1,480,000 217,000 232,000 775,000 7. 444,000 640,000 8.