Use the following information for the Exercies below. (Algo) [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 retall outlets. A listing of the major sections of an income statement follows. RANDA MERCHANDISING, INCORPORATED Income Statement For Year Ended December 31 \begin{tabular}{|l|l|l|} \hline Net sales & & \\ \hline & & \\ \hline & & \\ \hline Expenses: & & \\ \hline & & \\ \hline Other unusual and/or infrequent gains (losses) & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular}