Krug Service Company Expenses Revenues Dividends Cash Prepaid rent Accounts payable Common stock Retained earnings Equipment $10,200 28,000 1,500 800 580 200 980 3,920 2,500 Kleiner Merchandising Company Accumulated depreciation Beginning inventory Common stock Retained earnings Ending inventory Operating expenses Purchases Sales Dividends $700 12,000 218 872 7,200 2,150 15,100 23,500 1,200 Use the above information from a service company and from a merchandiser to compute net income Net Income Krug Service Company Kleiner Merchandising Company Compute gross profit, the goods available for sale, and the cost of goods sold for the merchandiser. Hint Not all information may be necessary KLEINER MERCHANDISING COMPANY Gross profit Goods available for sale Cost of goods sold