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 03 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