On January 1, Year 2, the Supplies account of Sheldon Company had a balance of $2,300. During the year, the company purchased $6,800 of supplies on account and made totaling $3,200 on those accounts On December 31, Year 2. Sheldon determined that there were $4,100 of supplies on hand. Which of the following would be reported on Sheldon's Year 2 financial statements? $400 of supplies $2700 of supplies expense $4100 of supplies $5,000 of supplies expense $5.900 of supplies; $6,800 of supplies expense Pree 1of 10