2 Use the following information (in random order) from a merchandising company and from a service company. McNeil Merchandising Company Accumulated depreciation Beginning inventory $ 700 12,500 7,500 Ending inventory 01:32:08 Net purchases Expenses Net sales Krug Service Company Expenses Revenues Cash $ 10,000 29,000 950 900 2,200 15,900 24,500 Prepaid rent Accounts payable Equipment 200 2,800 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