Exercise 3-1A (Algo) Supplies and the financial statements model LO 3-1\ Pizza Express Incorporated began the Year 2 accounting period with $9,500 cash, $7,000 of common stock, and $2,500 of retained earnings. Pizza Express was affected by the following accounting events during Year 2:\ \ Purchased $12,000 of supplies on account.\ Earned and collected $26,000 of cash revenue.\ Paid $10,500 cash on accounts payable.\ Adjusted the records to reflect the use of supplies. A physical count indicated that $2,100 of supplies was still on hand on December 31, Year 2.\ Required: