Kleiner Merchandising Company Accumulated depreciation $ 700 Beginning inventory 10,500 Ending inventory 6,300 Expenses 2,000 Net purchases 12,700 Net sales 20,500 Krug Service Company Expenses $ 9,900 Revenues 25,000 Cash 750 Prepaid rent 560 Accounts payable 200 Equipment 2,200 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. a. Goods available for sale Cost of goods sold Gross profit Net income for Krug Service Company Net income for Kleiner Merchandising Company b