Options:

• Other unusual and/or infrequent gains (losses)
• Net sales less operating expense section
• Taxes reported on income (loss) from continuing operations
• Income (loss) from operating a discontinued segment, or gain (loss) from its disposal

Can use the options multiple times.

In the current year, Randa Merchandising, Inc., 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. Indicate where each of the following income statement-related items for this company appears on its current year income statement by selecting the appropriate section in the drop down beside each item