Kleiner Merchandising Company Accumulated depreciation $ 700 Beginning inventory 7,000 Ending Inventory 2,5ee Expenses 1,650 Net Purchases 7,180 Net Sales 13,500 Krug Service Company Expenses Revenues Cash Prepaid rent Accounts payable Equipment $ 7,800 18, see 550 620 200 1,680 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. a. Goods available for sale Cost of goods sold Gross profit b Net income for Krug Service Company Net income for Kleiner Merchandising Company