A ACC 220 054-1 Nume the 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 deiner Merchandising Company 5 ComputeGoods available for illusce to perform any calculations, as do in the video Accumulated depreciation $ 700 Beginning inventory Beginning inventory 5.000 Plus Net purchases Inding inventory 1,700 Goods available for sale Check figure 58.900 Espen 1,450 Net purchases 3.900 3 Compute Cost of Goods sold: Net sales 9.500 Beginning inventory Plus Net purchases Krug Service Company Goods available for sale Expenses 5.12.500 Les Ending inventory Revenue 14.000 Cost of goods sold Check $ 7,200 700 Prepaid Rent 300 3 Compute gross profit Accounts payable 200 Net als Equipment 1,300 Lest: Cost of goods sold Gross profit Check our $2.100 1 1 12 b Computenet income for each company Prepare and complete the income statements below Check figures: Net income, Kleiner Merchandising Company: 5850 Net income, Krug Service Company: $1,500 20 Kleiner Merchandising Company Kur Service Company 29 30 + 33 34 15 16