QUESTION 29 At the beginning of 2022, Ludlow Company had 3500 of supplies on hand. During the year, the business paid $7,000 for additional items and increased its supplies Inventory account to record these purchases. Ludlow held $150 of supplies at the end of the year. What amount of supplies inventory will Ludlow report on its December 31, 2022 balance sheet after posting the appropriate year and adjusting entry? NA