Required Information Problem 4-5A (Static) Preparing adjusting entries and income statements; computing gross margin, acidtest, and current ratios LO A1, P3, P4 [The following information applies to the questions displayed below] The following unadjusted tral balance is prepared at fiscal year-end for Neison Company. Neison Company uses a perpetual inventory system. It categorizes the following accounts as selling expenses; Depreciatoon Expense-Store Equipment, Sales Salarles Expense, Rent Expense-Seling Space, Store Supplies Expense, and Advertising Expense. It categorizes the remaining expenses as general and admintstratve Required Information Problem 4-5A (Static) Preparing adjusting entries and income statements; computing gross margin, acidtest, and current ratios LO A1, P3, P4 [The following information applies to the questions displayed below] The following unadjusted tral balance is prepared at fiscal year-end for Neison Company. Neison Company uses a perpetual inventory system. It categorizes the following accounts as selling expenses; Depreciatoon Expense-Store Equipment, Sales Salarles Expense, Rent Expense-Seling Space, Store Supplies Expense, and Advertising Expense. It categorizes the remaining expenses as general and admintstratve