Next question Below are data for two companies: (Click the icon to view the data.) X Read the requirements. Data table - X Requirements Requirement 1. Define the Business type Service 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. Company A Company B S 9,600 $ 14.800 13,500 Does not Merchandising Manufacturing Resells Uses lab Merchandise Inventory, beginning balance Finished Goods Inventory, beginning balance Merchandise Inventory, ending balance Finished Goods Inventory, ending balance Net Purchases Cost of Goods Manufactured 11.500 Requirement 2. Based on Print Done 154,000 1 209,000 Company A is a merchand Requirement 3. Calculate the cost of goods sold for each company. Begin by calculating the cost of goods sold for Company A. Print Done Company A Cost of Goods Sold