The following unadjusted trial balance is prepared at fiscal year-end for Nelson Company. NELSON COMPANY Unadjusted Trial Balance January 31, 2015 Merchandise inventory Store supplies Prepaid insurance Store equipment 28,750 12,500 5,500 2,600 42,800 Accounts payable Common stock Retained earnings $ 19,550 4,000 17000 20,000 2,150 Sales Sales discounts Sales returns and allowances Cost of goods sold Depreciation expense-Store equipment Salaries expense Insurance expense Rent expense Store supplies expense Advertising expense 1,950 2,100 38,000 25,300 0 15,000 0 9,200 Totals $185,850 $185,850 Rent expense and salaries expense are equally divided between selling activities and the general and administrative activities. Nelson Company uses a perpetual inventory system. Additional Information: a. Store supplies still available at fiscal year-end amount to $1,800. b. Expired insurance, an administrative expense, for the fiscal year is $1,500. c. Depreciation expense on store equipment, a selling expense, is $1,650 for the fiscal year d. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $10,800 of inventory is still available at fiscal year-end