Part 1 of 2 4 16 points Required information Required 1 Required 2 Prepare a single step income statement for the year ended January 31 Net sales Expenses Required 3 Total expenses Selling expenses General and administrative expenses Cost of goods sold Net income NELSON COMPANY Income Statement For Year Ended January 31 333 35 600 x 23 750 X 41 400 x 111 450 100 750 10 400 x