Splish Brothers Bicycle Company purchased supplies on account during the month of December. The company's records included the following tabular analysis prior to adjustment: Assets Liabilities + Stockholders' Equity Accounts Payable Common Stock Supplies + + Revenue Expense Div. Bal. 3200 2200 If the company has supplies on hand of $ 580 at the end of the month. what entry would be made to the analysis? O Increase Supplies Expense by 5 2620 and decrease Supplies by $ 2620 Decrease Accounts Payable by $ 1620 and increase Supplies Expense by $ 1620 Decrease Supplies Expense of $ 2200 and decrease Supplies by $ 2200 Increase Supplies Expense by $ 580 and decrease Supplies by $ 580