On January 1, Year 2, the Supplies account of B.I.G. Bang Company had a balance of $1,700. During the year, the company purchased $3,400 of supplies on account and made partial payments totaling $2,800 on those accounts. On December 31, Year 2, Bang determined that there were $1,300 of supplies on hand. Which of the following would be reported on Bang's Year 2 financial statements?

Select one:

A. $1,300 of supplies; $3,800 of supplies expense

B. $1,300 of supplies; $3,200 of supplies expense

C. $1,600 of supplies; $3,800 of supplies expense

D. $1,400 of supplies; $3,200 of supplies expense