Hello,

I need help with the following question. I will attach the page as well.

A. Merchandise equations and flows 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 Owner, Withdrawals . . . . . . . 1.600 Owner, Capital. . . . . . . . . . . . 950 Cash . . . . . . . 700 Ending inventory . . . 1,700 Prepaid rent . . . . . . . . . . . . . 800 Operating expenses. . . . . . 1.450 Accounts payable. .... . . . .# 200 Purchases . . . . 3,900 Owner, Capital. ... . . . . . . . 3,000 Sales . . . . . . . . 9.500 Equipment . . . . . . . . . 1,300 Owner, Withdrawals . . . . . . . . 1,600