Required information [The following information applies 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 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 Debit Credit Cash $ 19,600 Merchandise inventory 12,500 Store supplies 5,600 Prepaid insurance 2,100 Store equipment 42,600 Accumulated depreciation-Store equipment $ 19,250 Accounts payable 15,000 Common stock 3,000 Retained earnings 28,000 Dividends 2,250 Sales 115,000 Sales discounts 1,950 Sales returns and allowances 2,250 Cost of goods sold 38,000 Depreciation expense-Store equipment Sales salaries expense 13,550 Office salaries expense 13,550 Insurance expense 0 Rent expense-Selling space 8,500 Rent expense-Office space 8,500 Store supplies expense Advertising expense Totals 9,300 $ 180,250 $ 180,250 Additional Information: a. Store supplies still available at fiscal year-end amount to $2,500. b. Expired insurance, an administrative expense, is $1,600 for the fiscal year. c. Depreciation expense on store equipment, a selling expense, is $1,700 for the fiscal year. d. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $10,200 of inventory is still available at fiscal year-end.