On January 1, 20B, the ledger of Global Corporation correctly showed supplies inventory of $500. During 20B, supplies purchases amounted to $1, 200. A count (inventory) of supplies on hand at December 31, 20B, showed $600. The 20B income statement should report supplies expense amounting to A) $1, 200 B) $1, 100. C) $800 D) $600 E) None of the above is correct