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Required Information Use the following information for the Exercies below. (Algo) [The...

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Accounting

Required Information
Use the following information for the Exercies below. (Algo)
[The following information applles to the questlons 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.
Exercise 13-18A (Algo) Income statement presentation LO A2
Prepare the December 31 year-end Income statement.
Note: Loss amounts should be Indicated with a minus sign.
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