The Don't Bite Me pest control company has $10,000$ gallons of insecticide supplies on hand that cost $$300,000$; a bill from the vendor for $$100,000$ of these supplies has not yet been paid. The company expects to earn $$800,000$ for its services when it uses the insecticide supplies. The company would report:

Multiple Choice

$$800,000$ in assets under supplies inventory and $$100,000$ in liabilities under accounts payable.

$$300,000$ in assets under supplies inventory and no accounts payable.

$$200,000$ in assets under supplies inventory and no accounts payable

$$300,000$ in assets under supplies inventory and $$100,000$ in liabilities under accounts payable.