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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.

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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. A listing of the major sections of an income statement follows arcise 17-17A (Algo) Income statement categories LO A2 cate where each of the following incomerelated items for this company appears on its current year income statement by seiecting oppropriate section in the drop down beside each item

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