Use the following information (in random order) from a merchandising company and from a service company. McNeil Merchandising Company Accumulated depreciation Beginning inventory Ending inventory Expenses Net purchases Net sales $ 700 5,000 1,700 1,450 3,900 9,500 Krug Service Company Expenses Revenues Cash Prepaid rent $ 12,500 14,000 700 800 Accounts payable Equipment 200 1,300 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. a. 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