On January 1 Year 2, the Supplies account of Sheldon Company had a balance of $1500. During the year, the company purchased $3,200 of supplies on account and made partial payments totaling $2,000 on those accounts. On December 31, Year 2, Sheldon determined that there were $1700 of supplies on hand. Which of the following would be reported on Sheldon's Year 2 financial statements? Multiple Choice C S 0700 of supplies $1500 of supplies expense C $2.300 of suples 5600 of supples experte O S0700 ofe $2.500 of suples experte O 2.300 of supplies 53.200 of supplies O ante