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Cambridge Cleaners started business on January 1 and immediately purchased $5,000 of supplies to use in the business. At the end of the month, 30%

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Cambridge Cleaners started business on January 1 and immediately purchased $5,000 of supplies to use in the business. At the end of the month, 30% of the supplies remain unpaid and 20% are still on hand. Under accrual accounting, what are the net amounts that impact the financial statements for January? statement of earnings: $4,000; statement of cash flows: $1,500 Ostatement of earnings: $5,000; statement of cash flows: $5,000 statement of earnings: $5,000; statement of cash flows: $3,500 Ostatement of earnings: $4,000; statement of cash flows: $3,500

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