Saved work Use the following information for the Exercies below. (Algo) The following information applies to the questions displayed below.) 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 Debit Credit $ 4,700,000 373,000 Item 1. Gain due to an infrequent calanity 2. Net Sales 3. Cost of Hoods sold 4. Loss from labor strike at manufacturing facility 5. Income tax expense 6. Gain on sale of wholesale business segment, net of tex 7. Loss from operating wholesale business Segment, net of tax 8. Depreciation expense $ 2,399,000 352,000 376,000 1,256,000 720,000 1,037,000 Exercise 13-18A (Algo) Income statement presentation LO A2 Prepare the December 31 year end Income statement. (Loss amounts should be indicated with a minus sign.) RANDA MERCHANDISING, INCORPORATED Income Statement For Year Ended December 31 $ 373,000 Net sales Expenses 0252Fshsu.blackbo work 0 Saved ICUCIC LICUCCUCI JI VCOI-CHU ILUMIC DICTICUL ILUSD anvulla vuru We TUICO CU WILL FITRI Required information Income Statement For Year Ended December 31 Net sales 373,000 Expenses Total operating expenses 0 373,000 Other unusual and/or infrequent gains (losses) 373,000 373,000 Discontinued segment 0 $ 373,000