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.

Prepare the December $31$ year$-$end income statement.

Note: Loss amounts should be indicated with a minus sign.