In 2018, Randa Merchandising, Inc., sold its interest in a chain of wholesale outlets, taking the company

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In 2018, Randa Merchandising, Inc., 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:

A. Net sales less operating expense section

B. Other unusual and/or infrequent gains (losses)

C. Taxes reported on income (loss) from continuing operations

D. Income (loss) from operating a discontinued segment, or gain (loss) from its disposal?

Indicate where each of the following income-related items for this company appears on its 2018 income statement by writing the letter of the appropriate section in the blank beside each item.

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