Accumulated depreciation 700 Beginning inventory Ending Inventory Expenses Net Purchases Net Sales 13,000 7,800 2,250 16,700 25, 500 Expenses Revenues Cash Prepaid rent Accounts payable Equipment $ 9,000 30,000 750 700 200 2,800 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 available for sale Cost of goods sold Gross profit b. Net income for Krug Service Company Net income for Kleiner Merchandising Company