The following unadjusted trail balance is prepared at fiscal year-end for Nelson Company NELSON COMPANY Unadjusted Trial Balance January 31, 2017 Debit 1,000 12,500 5,800 2.400 42,900 Credit 2 Cash 3 Merchandise inventor 4 Store supplies Prepaid insurance Store equipment Accumulated depreciation-Store equipment 8 Accounts payable 9 Comnon stock 10 Retained earnings 11 Dividends 12 Sales 13 Sales discounts 14 Sales returns and allowances 15 Cost of goods sold 16 Depreciation expense Store equipment 17 Salaries expense 18 Insurance expense 19 Rent expense 20 Store supplies expense 21 Advertising expense 22 Totals $15,250 10,000 5,000 27,000 2,200 111,950 2,000 2,200 38,400 0 35,000 0 15,000 9,800 $169,200 $169.200 Rent expense and salaries expense are equally divided between selling activities and general and administrative activities. Nelson Company uses a perpetual inventory system