Your Corporation started the accounting period with $7,000 in supplies. During the period, the company purchased $4,750 of supplies on account. At the end of the accounting period there was $2,750 of supplies on hand. Your Corporation made the adjusting entry for supplies consumed. The supplies were originally recorded as assets. What is the supplies expense for the period? O $11.750 OS 500 O $9,000 O $5,000 $7.250