The supplies account had a balance of $1,354 at the beginning of the year and was debited during the year for $3,272, representing the total of supplies purchased during the year. If $2,718 of supplies are on hand at the end of the year, the supplies expense to be reported on the income statement for the year is O $4,626 b. $1,908 c. $2,718 d. $5,990