QS 4-3 (Algo) Merchandise accounts and computations LO C1 Use the following information (in random order) from a merchandising company and from a service company. MeNeil Merchandising Company Accumulated depreciation $ 700 Beginning inventory 12,000 Ending inventory 7,200 Expenses 2,150 Net purchases 15,100 Net sales 23,500 Krug Service Company Expenses $ 10,200 Revenges 28,000 Canh 800 Prepaid rent 580 Accounts payable 200 Equipment 2,500 a. Compute the goods available for sale, the cost of goods sold and gross profit for the merchandiser. Hint Not all Information may be necessary b. Compute net income for each company. . Goods available for sale a. Cost of goods sold a. Gross profit b. Net income for Krug Service Company b. Net income for McNeil Merchandising Company