220 1.700 0543 Name: Use the following information from a merchandising company and from a service company Hint: Not all information may be necessary for the solutions For the merchandise only kleiner Kleiner Merchandisine Company 1 ComputeGoods available for sale use Excel to perform any calculations, as do in the videos Accumulated depreciation $ 700 Beginning inventory Beginning inventory 5,000 Plus. Net purchases Erding inventory Goods available for sale Check figure: $8,900 Expenses 1.450 Net purchases 3.900 Compute Cost of Goods sold Net 9,500 Beginning inventory Plus Not purchases Krue Service Comp Goods available for sale Expenses $ 12,500 Less Ending inventory Revies 14,000 Cost of goods sold Check out $7.200 Cast: 700 Prepaid Rent DO 3 Computers profit Accounts payable 200 Net sales Less: Cost of goods sold Groupont Check figure: 52 300 3 1.300 15 20 23 22 23 24 b Comoutent income for each company Prepare and complete the income statements below Check Net income, Kleiner Merchandising Company: 5850 Net Income Service Company $1,500 76 23 Klie Merchandise Company Krug Service Company 30 31 32 15 37 38