-Know Videos Help Save & Exit Submit Kleiner Merchandising Company Accumulated depreciation $ 700 Beginning inventory 5, eee Ending Inventory 1,700 Expenses 1,450 Net Purchases 3,900 Net Sales 9,500 Krug Service Company Expenses $12,5ee Revenues 14, eee Cash 700 Prepaid rent 888 Accounts payable 200 Equipment 1,300 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. a. Goods available for sale Cost of goods sold Gross profit b. Net income for Krug Service Company Net income for kleiner Merchandising Company - arch