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.

$\backslash$table$[[\backslash$table$[[$NELSON COMPANY$],[$Unadjusted Trial Balance$],[$January $31]],$Debit,Credit$],[$Cash$,$$$21,800,],[$Merchandise inventory,$12,500,],[$Store supplies,$5,800,],[$Prepaid insurance,$2,100,],[$Store equipment,$42,900,],[$Accumulated depreciation$-$Store equipment,,$$17,900$

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