Store supplies still available at fiscal year$-$end amount to $$1,750.$

Expired insurance, an administrative expense, is $$1,400$ for the fiscal year.

Depreciation expense on store equipment, a selling expense, is $$1,525$ for the fiscal year.

To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $$10,900$ of inventory is still available at fiscal year$-$end. Using the above information, prepare adjusting journal entries.

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.

Prepare a single$-$step income statement for the year ended January $31.$