3. Frank Corporation purchased supplies at a cost of $15,000 during 2016. At January 1, 2016, supplies on hand were $2,000. At December 31, 2016, supplies on hand are $2,500. Calculate supplies expense for 2016.

	a.	$ 15,500
	b.	$ 14,500
	c.	$ 15,000
	d.	$ 17,000

3. Frank Corporation purchased supplies at a cost of $15,000 during 2016. At January 1, 2016, supplies on hand were $2,000. At December 31, 2016, supplies on hand are $2,500. Calculate supplies expense for 2016 a. $ 15,500 b. $ 14.500 c. $ 15.000 d. $ 17,000