Jack's Snow Removal Company received a cash advance of $10,200 on December 1 Year 1 to provide services during the months of December, January, and February. The year-end adjustment on December 31, Year 1. to recognize the partial expiration of the contract will Sheldon Company began Year 1 with $1,900 in its supplies account. During the year, the company purchased $5,600 of supplies on account. The company paid $2,800 on accounts payable by year end. At the end of Year 1. Sheldon counted $3,300 of supplies on hand. Sheldon's financial statements for Year 1 would show