Kleiner Merchandising Company Accumulated depreciation Beginning inventory Ending Inventory Expenses Net Purchases Net Sales $ 700 11,500 6,900 2,100 14, 300 22, 500 Krug Service Company Expenses Revenues Cash Prepaid rent Accounts payable Equipment $ 8,70G 27,000 700 680 200 2,500 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. Goods available for sale Cost of goods sold Gross profit a. b. Net income for Krug Service Company Net income for Kleiner Merchandising Company