ne Touwing undujusieu uidi Dalance is prepareu at HSCai yedi-enu 10 Non company. NSO Lompany uses perpetual inventory system It categorizes the following accounts as selling expenses Depreciation Expense-Store Equipment, Sales Salaries Expense, Rent Expense-Selling Space, Store Supplies Expense and Advertising Expense It categorizes the remaining expenses as general and administrative NELSON COMPANY Unadjusted Trial Balance January 31 Credit Debit $ 24,950 12,500 5,100 2,300 43,000 5.17,550 24,000 5,000 32,000 2,850 Cash Merchandise inventory Store supplies Prepoid Insurance Store equipment Accumulated depreciation Store equipment Accounts payable Common stock Retained earnings Dividends Sales Sales discounts Sales returns and allowances -Cost of goods sold Depreciation expense-Store equipment Sales salaries expense Office salles expense Insurance expense Rent expense-selling space Rent expense office space Store supplies expense Advertising pense Totals 114,900 1.950 2.300 38,000 14,700 14,700 6,500 5.500 9.100 $11,50 12 a. Store supplies still available at fiscal year-end amount to $2,650. b. Expired insurance, an administrative expense, is $1.400 for the fiscal year. c. Depreciation expense on store equipment, a selfing expense, is $1575 for the fiscal year. d. To estimate shrinkage. a physical count of ending merchandise inventory is taken it shows $10.500 of inventory is still available at fiscal year end co Problem 4-5A (Algo) Part 4 OK 4. Compute the current ratio, acio-test ratio, and gross margin ratio as of January 31. (Round your answers to 2 decimal places.) CE Current ratio [Ad est ratio Gross margin ratio 1 1 to search OHT a 72F A6