The following unadjusted trial balance is prepared at fiscal year-end for Nelson Company. NELSON COMPANY Unadjusted Trial Balance January 31, 2019 Credit Debit $ 22,350 13,500 5,500 2,500 42,700 $ 18,950 17,000 17,000 2,200 130,000 Cash Merchandise inventory Store supplies Prepaid insurance Store equipment Accumulated depreciation-Store equipment Accounts payable 3. Nelson, Capital J. Nelson, Withdrawals Sales Sales discounts Sales returns and allowances Cost of goods sold Depreciation expense-Store equipment Sales salaries expenses Office salaries expenses Insurance expense Rent expense-Selling space Rent expense-Office space Store supplies expense Advertising expense Totals 1,800 2,100 38,000 14,950 14,950 6,500 6,500 9,400 $182,950 $182,950 Rent expense and salaries expense are equally divided between selling activities and general and administrative activities. Nelson Company uses a perpetual inventory system. Additional Information: a. Store supplies still available at fiscal year-end amount to $2,300. b. Expired insurance, an administrative expense, for the fiscal year is $1,400. c. Depreciation expense on store equipment, a selling expense, is $1,675 for the fiscal year. d. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $11,000 of inventory is still available at fiscal year-end. Required: Prepare and complete the entire 10-column work sheet for Nelson Company. NELSON COMPANY Work Sheet For Year Ended January 31, 2019 Balance Sheet and Statement of Retained Earnings Adjustments Dr. Cr. Adjusted Trial Balance Dr. Cr. Income Statement Dr. Cr. Account Title Dr. Cr. $ Cash Merchandise inventory Store supplies Prepaid insurance Store equipment Accum. depreciationStore equipment Accounts payable J. Nelson, Capital J. Nelson, Withdrawals Sales Sales discounts Sales returns and allowances Cost of goods sold Depreciation expenseStore equipment Sales salaries expenses Office salaries expenses Insurance expense Rent expense-Selling space Rent expense-Office space Store supplies expense Advertising expense Totals Unadjusted Trial Balance Dr. Cr. 22,350 13,500 5,500 2,500 42,700 18,950 17,000 17,000 2,200 130,000 1,800 2,100 38,000 0 14.950 14950 0 6,500 6,500 0 9,400 182,950 $ 182,950 $ 0 $ 0 $ 0 $ 0 0 0 0 0 Net income Totals $ 0 $ 0 $ 0 $ 0