Hoffman. Incorporated adjusts its books each month but closes its books at the end of the year. The company's unadjusted trial balance at March 31 is as follows: Credit Debit $ 10,960 9,660 1,340 3,280 28,200 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment Unearned Service Revenue Capital Stock Retained Earnings Dividends Service Revenue Earned Salaries Expense Utilities Expense Rent Expense Totals $ 11,280 6,700 5,400 23,600 1,600 17,990 8,000 430 1,500 $ 64,970 $ 64,970 At March 31, the amount of supplies on hand is $540 What amount is reported in the March income statement for supplies expense? Utilities Expense Rent Expense Totals 430 1,500 $ 64,970 $ 64,970 At March 31, the amount of supplies on hand is $540. What amount is reported in the March income statement for supplies expense? Multiple Choice $800 O $0 0 $540 0 $1,340