Kleiner Merchandising Company Accumulated depreciation Beginning inventory Ending inventory Expenses Net sales Net purchases Krug Service Company Expenses Revenues Cash Prepaid rent Accounts payable Equipment $ 700 6,500 2,300 1,600 6,300 12,500 $ 8,800 17,000 750 820 200 1,600 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.