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 Debit Credit $ 16,750 Cash Merchandise inventory Store supplies Prepaid insurance Store equipment Accumulated depreciation-Store equipment Accounts payable 12,500 5,500 2,600 42,600 $ 17,250 12,000 3,000 Common stock Retained earnings 35,000 Dividends 2,250 Sales 115,850 Sales discounts 1,850 Sales returns and allowances 2,250 Cost of goods sold Depreciation expense-Store equipment Sales salaries expense Office salaries expense 38,000 15,550 15,550 Insurance expense 0 Rent expense-Selling space Rent expense-Office space Store supplies expense Advertising expense 9,000 9,000 0 9,700 $183,100 $183,100 Totals Additional Information: a. Store supplies still available at fiscal year-end amount to $2,900. b. Expired insurance, an administrative expense, is $1,450 for the fiscal year. c. Depreciation expense on store equipment, a selling expense, is $1,550 for the fiscal year. d. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $10,200 of inventory is still available at fiscal year-end. 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 Debit Credit $ 16,750 Cash Merchandise inventory Store supplies Prepaid insurance Store equipment Accumulated depreciation-Store equipment Accounts payable 12,500 5,500 2,600 42,600 $ 17,250 12,000 3,000 Common stock Retained earnings 35,000 Dividends 2,250 Sales 115,850 Sales discounts 1,850 Sales returns and allowances 2,250 Cost of goods sold Depreciation expense-Store equipment Sales salaries expense Office salaries expense 38,000 15,550 15,550 Insurance expense 0 Rent expense-Selling space Rent expense-Office space Store supplies expense Advertising expense 9,000 9,000 0 9,700 $183,100 $183,100 Totals Additional Information: a. Store supplies still available at fiscal year-end amount to $2,900. b. Expired insurance, an administrative expense, is $1,450 for the fiscal year. c. Depreciation expense on store equipment, a selling expense, is $1,550 for the fiscal year. d. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $10,200 of inventory is still available at fiscal year-end