en 13 X.co.purchased supplies costing $5,000 on 1/1/2020 and recorded the transaction by increasing assets. At the end of the year $2,000 of the supplies are used.if X co make the adjusting entry for supplies what is the impact on X,co income statement at 31/12/2020 ed out of question Select one: O a. expenses increased by $3,000 b. Assets decreased by $3,000 C. Expenses increased by $2,000 d. no effects in income statement