4. Place Corp. purchased supplies at a cost of $12,000 during the year. At January 1, supplies on hand were $2,000. At December 31, supplies on hand are $1,000. Determine the amount of supplies expense for the year.

	a.	$ 10,000
	b.	$ 12,000
	c.	$ 13,000
	d.	$ 14,000

4. Place Corp. purchased supplies at a cost of $12,000 during the year. At January 1, supplies on hand were $2,000. At December 31, supplies on hand are $1,000. Determine the amount of supplies expense for the year. a. $ 10,000 b. S 12.000 c. $ 13,000 d. $ 14,000