middleware252Fmhe Seved Help Save Ch 04 Extra Credit Need-to-Know Videos (5 pts) Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return 2 QS 4-3 Merchandise accounts and computations LO C2 0.62 points Kleiner Merchandising Company Accumulated depreciation $ 700 Beginning inventory 5,000 Ending Inventory 1,700 Expenses Net Purchases Net Sales 3,900 9.500 Krug Service Company Expenses $12,500 Revenues 14,000 Cash 700 Prepaid rent BOD 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. Answer is complete but not entirely correct. Goods available for sale -nila $ 29,7003 lt on ME Gran FINALITET docx How to Write.docx Synthesis Par...docx How to Write.docx Reading Resp....docx MacBook 0.62 points Krug Service Company Expenses $12,500 Ravenues 14,000 Cash 700 Prepaid rent 800 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. Answer is complete but not entirely correct. Goods available for sale Cost of goods sold Gross profit Net income for Krug Service Company Net income for Kleiner Merchandising Company $ 29,700 $ 21,9003 $ 3,600 $ 21,000 $ 1,350 b. Mc Graw Hill TEST.docx Synthesis. Par....docx Reading Resp....docx How to Write.docx How to Write...docx MacBook Air