Wolverine Corporation's Supplies Inventory was $2,500 on January 1, 2020. During 2020, Wolverine purchased $6,300 of supplies, all of which were recorded under Supplies Inventory account On December 31, 2020, Wolverine had $3,400 of Supplies Inventory. Which of the following shows the correct adjusting journal entry Wolverine should make? Supplies Expense Supplies Inventory $3,400 $3,400 Supplies Expense Supplies Inventory $5,400 $5,400 Supplies Expense Supplies Inventory $6,300 $6,300 Supplies Expense Supplies Inventory $2,500 $2,500 Sparty Corporation reported the following balances at the end of 2020, Assets Current Assets Cash Accounts Receivable Inventory $124,000 $46,000 $75,000 Liabilities Current Liabilities Accounts Payable Unearned Revenue Note Payable $68,000 $22,000 $12,000 Which of the following is TRUE based on the above information? Assume that there are no other Current Assets or Current Liability accounts. Sparty's Current ratio is between 0.5 and 1. Sparty's Note Payable of $12,000 isn't due until 2022 Sparty currently has serious liquidity issues. Sparty's Working Capital is $143,000