Equity 3. On March 1, Bea Dahmen reported a balance in Supplies of $1,000. During March, the company purchased supplies (properly recorded) for $3,800 and consumed supplies of $3,200. If no adjusting entry is made for supplies at the end of the month: A) Stockholders' equity will be overstated by $3,200. B) Expenses will be understated by $3,800. C) Assets will be understated by $1,400. D) Net income will be understated by $3,200