Jonathan Company's supplies account has a balance of $1,000 on January 1. During January, the company purchased $25,000 of supplies on account. A count of supplies at the end of January indicates a balance of $3,000. Which one of the following is a correct amount to be reported on the company's financial statements for the month ending January 31? Supplies Expense - $23,000 Accounts Payable - $28,000 Supplies Expense - $26,000 Supplies on Hand - $1,000