In the current year, Randa Merchandising, Inc., sold its interest in a chain of wholesale outlets, taking the company compl the wholesaling business. The company still operates its retail outlets. Prepare the December 31 year-end income statement. (Loss amounts should be indicated with a minus sign.) \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ RANDA MERCHANDISING, INC. } \\ \hline \multicolumn{2}{|c|}{ Income Statement } & \\ \hline Net sales & & \\ \hline Expenses: & & \\ \hline & & \\ \hline & & \\ \hline Total operating expenses & & \\ \hline & & \\ \hline Other unusual and/or infrequent gains (losses) & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular}