Sheldon Company began Year 1 with $1,400 in its supplies account. During the year, the company purchased $4,100 of supplies on account. The company paid $2,300 on accounts payable by year end. At the end of Year 1, Sheldon counted $2.300 of supplies on hand. Sheldon's financial statements for Year 1 would show Multiple Choice $3,200 of supplies; $4,100 of supplies expense $2,300 of supplies: $3,200 of supplies expense $3,200 of supplies: $900 of supplies expense $2,300 of supplies; $1,800 of supplies expense