Check my Kleiner Merchandising Company Mecumulated depreciation 5 700 Beginning inventory 5,000 Ending inventory 1,700 Expenses 1.450 Net purchases 3.900 Net sale 9.500 Krug Service Company Expenses $12,500 Revenues 14,000 Cash 700 Prepaid rent 000 Accounts payable 200 Equipment 1.300 Required: a. Compute the goods available for sale, and the cost of goods sold and gross profit for the merchandiser Hint Not all information may be necessary b. Compute net income for each company Goods available for Cost of goods and Gruss probe Not income for Krug Service Company Net Income for et Merchandising Company 26 2 3 7 8 9 E R T U O s D F G . J K X V c V A B N M