K Below are data for two companies: (Click the icon to view the data.) Data table Company A Company B ring. Merchandise Inventory, beginning balance $ 10,600 Finished Goods Inventory, beginning balance $ 15,200 Merchandise Inventory, ending balance 12,900 Finished Goods Inventory, ending balance 11,900 Net Purchases 156,500 Cost of Goods Manufactured 211,000 Print Done K Below are data for two companies: (Click the icon to view the data.) Read the requirements. Requirements 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. Print Done - 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 Service Definition Merchandising Manufacturing