Kleiner Merchandising Company Accumulated depreciation Beginning inventory Ending Inventory Expenses Net Purchases Net Sales $ 700 7,000 2,500 1,650 7,100 13,500 Krug Service Company Expenses Revenues Cash Prepaid rent Accounts payable Equipment $ 7,800 18,000 550 620 200 1,600 Required a. Compute gross profit, the goods available for sale, and the cost of goods sold 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. Answer is not complete. $ 7,000 $ 13,500 11,000 s 8,330 a. Goods available for sale Cost of goods sold Gross profit b.Net income for Krug Service Company Net income for Kleiner Merchandising Company