Use the following information (in random order) from a merchandising company and from a service company, McNeil Merchandising Company Accumulated depreciation $ 700 Beginning inventory 9,000 Ending inventory 5,400 Expenses 1,850 Net purchases 10,300 Net sales 17,500 Krug Service Company Expenses $ 9,600 Revenues 22,000 Cash 700 Prepaid rent 540 Accounts payable 200 Equipment 1,900 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