Selected data for three companies are given below. All inventory amounts are ending balances and all amounts are in millions. (Click the icon to view the data.) Requirement Using the above data, determine the company type. Identify each company as a service company, merchandising company, or manufacturing company. Company A is a Company B is a Company C is a manufacturing company. merchandising company. service company. Company A Cash Net Sales Revenue Finished Goods Inventory Cost of Goods Sold Selling Expenses Equipment Work-in-Process Inventory Accounts Receivable Cost of Goods Manufactured Administrative Expenses Raw Materials Inventory $ 6 Wages Expense 48 Equipment 10 Accounts Receivable 23 Service Revenue 4 Cash Rent Expense 67 Company B 9 14 23 7 6 $ 12 32 8 65 34 12 Company C Administrative Expenses Cash Net Sales Revenue Selling Expenses Merchandise Inventory Equipment Accounts Receivable Cost of Goods Sold $ 4 25 75 8 12 55 19 25