Sheldon Company began Year 1 with $700 in its supplies account. During the year, the company purchased $2,000 of supplies on account. The company paid $1.600 on accounts payable by year end. At the end of Year 1, Sheldon counted $900 of supplies on hand. Sheldon's financial statements for Year 1 would show Multiple Choice $900 of supplies; $1,800 of supplies expense $1100 of supplies: $200 of supplies expense $1300 of supplies; $2.000 of supplies expense $900 of supplies: $1,100 of supplies expense