Additional Information a. Store supplies still avaifable at fisical year-end amount to $2.050 b. Expired insurance, an administrative expense, is $1,700 for the fiscal year c. Dopreciation expense on store equipment, a selling expense. is $1,600 for the fiscal year d. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $10,800 of inventory is still avaliable at fiscal year-end 1. Using the above information, prepare adjusting joumal entries. 2. Prepare a multiple-step income statement for the year ended January 31 that begins with gross sales and includes separate categories for net sales, cost of goods sold, selling expenses, and general and odministrative expenses. 3. Prepore a single-step income statement for the year ended January 31. Complete this question by entering your answers in the tabs below. Using the above information, prepare adjusting journal entries. Journal entry worksheet Store supplies still available at fiscal year-end amount to $2,050. Note: Enter debits before credits. Prepare a multiple-step income statement for the year ended January 31 that begins with gross sales and indudes separate categories for net sales, cost of goods sold, selling expenses, and general and administrative expenses. Prepare a single-step income statement for the year ended January 31. a. Store supplies still available at fiscal year-end amount to $2,050. b. Expired insurance, an administrative expense, is $1,700 for the fiscal year. c. Depreciation expense on store equipment, a selling expense, is $1,600 for the fiscal year. d. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $10,800 of invento still available at fiscal year-end. Problem 5-5A (Algo) Part 4 4. Compute the current ratio, acid-test ratio, and gross margin ratio as of January 31 Note: Round your answers to 2 decimal places