Part 1 of 2 Cash NEON COMPANY Unadjusted Trial Balance January 31 bebit $15,050 Credit Merchandise inventory 13,000 Store supplies 5,100 Prepaid insurance 2,600 10 points Store equipeent 43,000 Accumulated depreciation-store equipment Accounts payable $16,450 13,000 Common stock 5,000 ock Petained earnings 29,000 Dividends 3,250 References 116,350 Sales discounts 2,000 Sales returns and allowances 2,200 Cost of goods sold Depreciation expense-store equipment tales salaries expense 14,350 office salaries expense 14,158 Insurance expense Test expense-selling space 8,500 0,500 Best expense-office space Store supplies expense Advertising expense Totals Additional Information: a. Store supplies still available at fiscal year-end amount to $1,700. b. Expired insurance, an administrative expense, is $1,650 for the fiscal year. c. Depreciation expense on store equipment, a seling expense, is $1,550 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 available at fiscal year-end Part 1 of 2 10 point Required 1 Required 2 Required 3 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 administrative expenses. NELSON COMPANY Income Statement For Yes Ended January 21 Expenses Selling exper Total selling expe General and administrative expenses Part 1 of 2 1 10 poin Prepare a single-step income statement for the year ended January 31. Expenses HELBON COMPANY Income Statement For Year Ended January 31 Total expenses CH 436 2 Salee Part 2 of 2 10 points 116,350 Sales discounte 2,000 Sales returns and allowances 2,200 Cost of goods sold 30,000 Depreciation expense-Store equipment Sales salaries expense 14,150 office salaries expense 14,150 Insurance expense Rent expense-Celling space 9,500 Rent expense-office space 8,500 Store supplies expense Advertising expense Totals 9,500 $170,000 $ 179,900 eBook References Additional Information: a. Store supplies still available at fiscal year-end amount to $1,700. b. Expired insurance, an administrative expense, is $1,650 for the fiscal year c. Depreciation expense on store equipment, a selling expense, is $1,550 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 available at fiscal year-end. 4. Compute the current ratio, acid-test ratio, and gross margin ratio as of January 31 (Round your answers to 2 decimal places.) Current ratio Acid-testatio 1 Gross margin ratio 15