2 QS 4-3 Merchandise accounts and computations LO C2 0.62 points Kleiner Merchandising Company Accumulated depreciation $ 700 Beginning inventory 5,000 Ending Inventory 1,700 Expenses 1,450 Net Purchases 3,900 Net Sales 9.500 eBook Krug Service Company Expenses $12,500 Revences 14,000 Cash 700 Prepaid rent 800 Accounts payable 200 Equipment 1,300 Print References Required: a. Compute gross profit, the goods available for sale, and the cost of goods sold for the merchandiser. Hint. Not all information may be b. Use the above information from a service company and from a merchandiser to compute net income. a. Goods avalable for sale Cost of goods sold Gross profit b. Net income for Krug Service Company Net income for Kleiner Merchandising Company ME G DE 2 QS 4-3 Merchandise accounts and computations LO C2 0.62 points Kleiner Merchandising Company Accumulated depreciation $ 700 Beginning inventory 5,000 Ending Inventory 1,700 Expenses 1,450 Net Purchases 3,900 Net Sales 9.500 eBook Krug Service Company Expenses $12,500 Revences 14,000 Cash 700 Prepaid rent 800 Accounts payable 200 Equipment 1,300 Print References Required: a. Compute gross profit, the goods available for sale, and the cost of goods sold for the merchandiser. Hint. Not all information may be b. Use the above information from a service company and from a merchandiser to compute net income. a. Goods avalable for sale Cost of goods sold Gross profit b. Net income for Krug Service Company Net income for Kleiner Merchandising Company ME G DE