Exercise 2-13A (Algo) Supplies on financial statements LO 2-5, 2-8 Yard Professionals Incorporated experienced the following events in Year 1, its first year of operation: Performed services for $34,000 cash. Purchased $8,200 of supplies on account. A physical count on December 31 , Year 1 , found that there was $1,560 of supplies on hand. Required Based on this information alone: d. What is the balance in the Supplies Expense account as of January Year 2