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Use the following information (in random order from a merchandising company and from a service company Meil Merchandising Company Accumulated depreciation $ 7e Beginning inventory

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Use the following information (in random order from a merchandising company and from a service company Meil Merchandising Company Accumulated depreciation $ 7e Beginning inventory 5, See Ending inventory 2. Je Expenses 1,66 Net purchases 5.30 Net sales 12:50 Service Company Expenses $ 8,888 Revenues 17.ee 750 Prepaid rent 820 Accounts payable Equipment 1.680 200 necessary a. Compute the goods available for sale, the cost of goods sold and gross profit for the merchandiser, Hirnt. Not all information may be b. Compute net income for each company a. Goods available for sale a. Cost of goods sold 1. Gross profit b. Net income for Krug Service Company b. Not income for McNeil Merchandising Company

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