Part 2 Directions: Roc's Repairs has the following balances as of August 1, 2016: Accounts Cash Accounts Receivable Inventory Supplies (to be used in 3 months) Land Buildings Accounts Payable Advertising Payable Long-term Loan Payable Common Stock Retained Earnings Balance $7,500 $3,200 ? $500 $50,000 $35.000 $2,600 $1,100 $27,000 $39,000 $29,000 What is Roc's Inventory balance on August 1, 2016? (4 pts) O /4