Question 7 Not complete Marked out of 1.00 Flag question On January 1, 20x7 you had $ 11525 in your office supplies inventory account. During the year you purchased an additional $ 47661 of office supplies. A physical count of the supplies on December 31, 20x7 reveals that you have $ 17841 of supplies on hand. What is supplies expense for the year ended December 31, 20x7? Select one: a. $ 11525 b. $41345 c. $53977 d. $ 77027