Ivanhoe Company's general ledger showed $820 in the Supplies account on January 1, 2021. On May 31, 2021, the company paid $3,175 for additional supplies. A count on December 31, 2021, showed $970 of supplies on hand. Prepare the journal entry to record the purchase of supplies on May 31, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation May 31 Calculate the amount of supplies used in 2021. Supplies used $ Debit Credit