Sheldon Company began Yeer f with $2.000 in its supoles account During the year; the company purchased $5,900 of supplies on account The company pad $2,900 on accounts payable by year end. At the end of Year 1 Sheldon counted $3500 of sippies on hand, Sheldon's financial statements for Year 1 would show Muhiple Choice 5000 ofspples, $1500 of supolies 3.500 of supplies 54.400 of supplies expense 5000 of upplios 55.900 of supplies expense