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In the current year, Randa Merchandising. Inc., sold its Interest in a chain of wholesale outlets, taking the company completely out the wholesaling business. The

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In the current year, Randa Merchandising. Inc., sold its Interest in a chain of wholesale outlets, taking the company completely out the wholesaling business. The company still operates its retail outlets. Prepare the December 31 year-end income statement, (Loss amounts should be inclicated with a minus sign.) Prepare the December 31 year-end income statement. (Loss omounts should be indicated with a minus sign.) In the current year, Randa Merchandising. Inc., sold its Interest in a chain of wholesale outlets, taking the company completely out the wholesaling business. The company still operates its retail outlets. Prepare the December 31 year-end income statement, (Loss amounts should be inclicated with a minus sign.) Prepare the December 31 year-end income statement. (Loss omounts should be indicated with a minus sign.)

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