Kleiner Merchandising Company Accumulated depreciation $ 700 Beginning inventory 12,500 Ending Inventory 7,500 Expenses 2,200 Net Purchases 15,900 Net Sales 24,500 Krug Service Company Expenses $ 10,000 Revenues 29,000 Cash 950 Prepaid rent 900 Accounts payable 200 Equipment 2,800 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. Use the above information from a service company and from a merchandiser to compute net income.