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Required Information [The following information applles to the questions displayed below.] The following unadjusted trial balance is prepared at fiscal year-end for Nelson Company. Nelson Company uses a perpetual Inventory system. It categorizes the following accounts as selling expenses: Depreciation Expense-Store Equipment, Sales Salarles Expense, Rent Expense-Selling Space, Store Supplies Expense, and Advertising Expense. It categorizes the remaining expenses as general and administrative. Additional information: a. Store supplies still avallable at fiscal year-end amount to $2,000. b. Expired insurance, an administrative expense, is $1,650 for the fiscal year. c. Depreclation expense on store equipment, a selling expense, is $1,625 for the fiscal year. d. To estimate shrinkage, a physical count of ending merchandlse Inventory is taken. It shows $10,000 of Inventory Is still avallable at fiscal year-end. Required: 1. Using the above information, prepare adjusting journal entrles. 2. Prepare a multiple-step income statement for the year ended January 31 that begins with gross sales and Includes separate categorles for net sales, cost of goods sold, selling expenses, and general and administrative expenses. 3. Prepare 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 $2,000. Note: Enter debits before credits. 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. Complete this question by entering your answers in the tabs below. Prepare a single-step income statement for the year ended January 31