How to shorten the duration of a song?

In iMovie it’s very easy to cut parts of a song…shorten it, etc. How do you do it in FotoMagico??? I’ve found very little on this topic in the discussions…

Select the audio item in the Timeline and drag the right end of it to the left.

You might want to adjust the “Fade Out” of the audio as well so that it ramps down, otherwise it could just cut out with an abrupt ending.