Next Page Page 5 of 10 Question 5 (1 point) On January 1, 20x7 you had $10,740 in your office supplies inventory account. During the year you purchased an additional $45,861 of office supplies. A physical count of the supplies on December 31, 20x7 reveals that you have $19,856 of supplies on hand. What is supplies expense for the year ended December 31, 20x7? Your Answer: Answer Next Page Page 5 of 10