On january 1, year 2, the supplies account of sheldon company had a balance of $1400. during the year, the company purchased $4100 of supplies on account and made partial payments totaling $2300 on those accounts. on december 31, year 2, sheldon determined that there were $2300 of supplies on hand. which of the following would be reported on sheldon's year 2 financial statements? $2300 of supplies; $1800 of supplies expense $3200 of supplies; $900 of supplies expense $3200 of supplies; $4100 of supplies expense $2300 of supplies; $3200 of supplies expense