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Required information

Use the following information for the Exercies below. $($Static$)$

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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.

$\backslash$table$[[$Item$,$Debit,Credit$],[1.$ Net sales,,$$2,900,000$