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Required Informetion Use the following Informatlon for the Exercles below. (Algo) [The following informetion applies to the questions displayed below.] In the current year, Rands

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Required Informetion Use the following Informatlon for the Exercles below. (Algo) [The following informetion applies to the questions displayed below.] In the current year, Rands Merchsndigng lncorporsted sold its interest in s cha'n of wholessle outiets, taking the compen completely out of the wholessling business. The compeny still operstes tis retsil out ets. A listing of the msjor sections of an income ststement folows. Exercise 13-18A (Algo) Income statement presentation LO A2 Prepsre the December 31 yeer-end Income ststement. (Loss emounts should be Indicated with o minus sign.)

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