Use the following information $($in random order$)$ from a merchandising company and from a service company.

McNeil Merchandising Company

Accumulated depreciation $ $700$

Beginning inventory $11,000$

Ending inventory $6,600$

Expenses $2,050$

Net purchases $13,500$

Net sales $21,500$

Krug Service Company

Expenses $ $9,700$

Revenues $26,000$

Cash $900$

Prepaid rent $880$

Accounts payable $200$

Equipment $2,500$

Compute the goods available for sale, the cost of goods sold and gross profit for the merchandiser. Hint: Not all information may be necessary.

Compute net income for each company.