Exercise 17.18A Income statement presentation LO A2 In the current year, Randa Merchandising, Inc, sold its interest in a chain of wholesale outlets, taking the company completely out of the wholesoling business. The company still operates its retail outlets. Prepore the December 31 yearend income statement. (Loss amounts ahould be indicated with a minus sign.) RNNDA MERCHWNDISING, INC. Income Statement For Year Ended December 31 Net sales