Question 6 (Mandatory) (1 point) Two accounts that appear on the financial statements of a merchandising company but are NOT needed by a service company are: cost of goods sold and depreciation. cost of goods sold and inventory. inventory and depreciation. cost of goods sold and net income. Question 7 (Mandatory) (1 point) Sales Tevenue is based on the of the inventory, while cost of goods sold is based on the of the inventory. cost; fair market value sale price; cost sale price; retail price cost; sale price