Book Print erences McNeil Merchandising Company Accumulated depreciation Beginning inventory Ending inventory Expenses Net purchases Net sales Krug Service Company Expenses Revenues Cash Prepaid rent Accounts payable Equipment $ 10,000 29,000 a. Goods available for sale a. Cost of goods sold a. Gross profit 950 900 200 2,800 $ 700 12,500 7,500 2,200 15,900 24,500 a. Compute the goods available for sale, the cost of goods sold and gross profit for the m be necessary. b. Compute net income for each company. b. Net income for Krug Service Company b. Net income for McNeil Merchandising Company $ 19,000

a. Compute the goods available for sale, the cost of goods sold and gross profit for the be necessary. b. Compute net income for each company