Use the following information (in alphabetical order) from a service company and from a merchandiser to compute net income. For the merchandiser, also compute gross profit, the goods available for sale, and the cost of goods sold.

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Krug Service Compamy Kleiner Merchandising Company Expenses..8,500 Accumulated Depreciation 700 5,000 950 1.700 ....Operating Expenses..1450 3.900 ... 9.500 Revenues .. .4.000 Beginning Inventory. .5 700 Ending Inventory Accounts Payable 3.000 Sales. 1,300 Owner Withdrawals Equipment