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 Cash Debit $ 24,200 Credit Merchandise inventory Store supplies Prepaid insurance Store equipment Accounts payable 12,500 5,900 2,400 42,500 Accumulated depreciation-Store equipment 3. Nelson, Capital $ 20,000 13,000 40,000 3. Nelson, Withdrawals 2,100 Sales 116,200 Sales discounts 2,000 Sales returns and allowances 2,000 Cost of goods sold 38,000 Depreciation expense-Store equipment 0 Sales salaries expense 15,350 office salaries expense 15,350 Insurance expense 0 Rent expense-Selling space 8,500 Rent expense-Office space 8,500 Store supplies expense 0 9,900 $ 189,200 $ 189,200 Advertising expense Totals Additional Information a. Store supplies still available at fiscal year-end amount to $1,850 b. Expired insurance, an administrative expense, is $1,700 for the fiscal year. c. Depreciation expense on store equipment, a selling expense, is $1,575 for the fiscal year d. 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.