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 Utadjusted Trial Balance January 31 Debit Credit Cash $ 1,800 Merchandise inventory 12,500 Store supplies 5,800 Prepaid insurance 2,480 Store equipment 42,900 Accumulated depreciation-store equipment $ 15,250 Accounts payable 10,000 Common stock 5,000 Retained earnings 27,000 Dividends 2,200 Sales 111,950 Sales discounts 2,800 Sales returns and allowances 2,200 Cost of goods sold 38,400 Depreciation expense-Store equipment Sales salaries expense 17,500 Office salaries expense 17,500 Insurance expense Rent 'expense-Selling space 7,500 Rent expense-Office space 7.500 Store supplies expense @ Advertising expense 9,800 Totals $169,200 $169,200 Additional Information: a. Store supplies still available at fiscal year-end amount to $1,750. b. Expired Insurance, an 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 inventoryds taken. It shows $10,900 of inventory is still available at fiscal year-end. Required: 1. Using the above information, prepare adjusting Journal entries. 2. Prepare a multiple-step income statement for the year ended January 31 3. Prepare a single-step income statement for the year ended January 31