Ch 04 Homework 0 Help Save & E Che 15 Kleiner Merchandising Company Accumulated depreciation $ 700 Beginning inventory 7,500 Ending Inventory 2,700 Expenses 1,700 Net Purchases 7,9ee Net Sales 14,5ee 0.41 points eBook Krug Service Company Expenses $ 9,300 Revenues 19, eee Cash 650 Prepaid rent 520 Accounts payable 200 Equipment 1,600 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 necessary. 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 Net income for Krug Service Company Net income for Kleiner Merchandising Company W