Coast Company has 11,600 items of building supplies on hand that cost $348,000; a bill from the vendor for $260,000 of these supplies has not yet been paid. The company expects to earn $816,000 for its services when it uses the building supplies. The companys balance sheet would include an asset, Supplies, in the amount of:

O $11,600. $88,000. O $816,000. $348,000