3 On January 1, Year 2. the Supplies account of Sheldon Company had a balance of $1.500. During the year, the company purchased 1.400 of supplies on account and made partial payments totaling $2.400 on those accounts on December 31 Year 2. Sheldon determined that there were $2.500 of supplies on hand. Which of the following would be reported on Sheldon's Year 2 financial statements? otlook Murple Choice $3.500 of supplies: $4400 of supplies expense $3,500 of sophes $1.000 of supples expense $2,500 of $1,900 of supplies expense $2,500 of supplies $3.400 of is expense Mc Graw