Sheldon Company began Year 1 with $2,300 in its supplies account. During the year, the company purchased $6,800 of supplies on account. The company paid $3,200 on accounts payable by year end. At the end of Year 1, Sheldon counted $4,100 of supplies on hand. Sheldon's financial statements for Year 1 would show: Multiple Choice O $5,900 of supplies; $6,800 of supplies expense $5,900 of supplies: $1,800 of supplies expense $4,100 of supplies; $5,000 of supplies expense $4,100 of supplies; $2,700 of supplies expense