Sheldon Company began Year 1 with $1,800 in its supplies account. During the year, the company purchased $5,300 of supplies on account. The company paid $2,700 on accounts payable by year end. At the end of Year 1, Sheldon counted $3,100 of supplies on hand. Sheldon's financial statements for year 1 would show:

A. $4,400 of supplies; $1,300 of supplies expense

B. $3,100 of supplies; $2,200 of supplies expense

C. $3,100 of supplies; $4,000 of supplies expense

D. $4,400 of supplies; $5,300 of supplies expense