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 Adverusing Expense It categorizes the remaining expenses as general and administrative NELSON COMPANY Unadjusted Trial Balance January 31 Credit Debit $1,000 12,500 5,800 2,400 42,900 $ 15,250 10,000 32,000 2,200 111,950 Cash Merchandise Inventory Store supplies Prepaid insurance Store equipment Accumulated depreciation-store equipment Accounts payable 3. Nelson, Capital 3. Nelson, withdrawals Sales Sales discounts Sales returns and allowances cost of goods sold Depreciation expense-store equipment Sales salaries expense office salaries expense Insurance expense Rent expense-selling space Rent expense-Office space Store supplies expense Advertising expense Totals 2,000 2,200 28,400 17,500 17,500 7,500 7.500 9,00 5.169,200 $ 169,200 Additional Information a. Store supplies still available at fiscal year-end amount to $1750 b. Expired insurance, on administrative expense, is $1.400 for the fiscal year, c. Depreciation expense on store equipment, a selling expense is $1,525 for the fiscal year d. To estimate shrinkage, a physical count of ending merchandise inventory is taken it shows $10,000 of inventory is sen 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) 1 Current ratio Acest ratio Gros marginalio 1 1