Description Use the following information (in random 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. Hint: Not all information may be necessary. Krug Service Company Kleiner Merchandising Company Expenses. $8,500 Accumulated depreciation.. $ 700 Revenues 14,000 Beginning inventory. 5,000 Dividends 1,600 Common stock 50 Cash.... 700 Retained earnings.. 900 Prepaid rent.. 800 Ending inventory 1,700 Accounts payable.. 200 Operating expenses. 1.450 Common stock. 500 Purchases.. 3,900 Retained earnings. 2,500 Sales.. 9,500 Equipment. 1,300 Dividends 1,600