Use the following information from a merchandising company & from a service company $($not all information may be necessary$).$

a$)$ For the merchandiser only, compute:

Goods Available for Sale

Cost of Good Sold

Gross Profit

b$)$ Compute net income for each company.

$\backslash$table$[[$McNeil Merchandising Company,Krug Service Company,$],[$Accumulated depreciation,$$700,$Expenses,$$12,500$