Kleiner Merchandising Company Accumulated depreciation $ 700 Beginning inventory 9,000 Ending Inventory 5,400 Expenses 1,850 Net purchases Net sales 17,500 10,300 Krug Service Company Expenses $ 9,600 Revenuen 22,000 Cash 700 Prepaid rent 540 Accounts payable 200 Equipment 1,900 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 b. Net Income for Krug Service Company Net Income for kleiner Merchandising Company