Beta Company started the year with a balance of zero in supplies. It bought supplies of $1,890 during the period but erroneously recorded the purchase as $1,089. All of the supplies were consumed during the period of purchase. As a result of the recording error net income for the period will be overstated. Required 1: By how much is the net income overstated? $ 801 Required 2: What is the year end balance of the supplies account? $ 1890