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Required information [ The following information applies to the questions displayed below. ] In the current year, Randa Merchandising Incorporated sold its interest in a

Required information
[The following information applies to the questions displayed below.]
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.
Indicate where each of the following income-related items for this company appears on its current year income statement by selecting
the appropriate section in the drop down beside each item.
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