Below are data for two companies: (Click the icon to view the data.) Read the requirements. Requirement 1. Define the three business types: service, merchandising, and manufacturing. Business type Definition Service Merchandising Manufacturing Requirement 2. Based on the data given for the two companies, determine the business type of each one. Company A is a V company and Company B is a company. A Requirements Requirement 3. Calculate the cost of goods sold for each company. Begin by calculating the cost of goods sold for Company A. Company A 1. Define the three business types: service, merchandising, and manufacturing. 2. Based on the data given for the two companies, determine the business type of each one. 3. Calculate the cost of goods sold for each company. Data Table Print Done Cost of Goods Sold Company A Company B $ 11,000 Now calculate the cost of goods sold for Company B. $ 15,600 Company B 12,100 Merchandise Inventory, beginning balance Finished Goods Inventory, beginning balance Merchandise Inventory, ending balance Finished Goods Inventory, ending balance Net Purchases Cost of Goods Manufactured 11,300 155,000 213,500 Cost of Goods Sold Print Done