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. Prepare the December 31 year-end income statement. Note: Loss amounts should be indicated with a minus sign. 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. icate where each of the following income-related items for this company appears on its current year income statement by selecting appropriate section in the drop down beside each item