Applying Excel 3: Supplies A 1 2 Jan. 1 3 Purchases 4 5 6 Jan. 1 7 Purchases 8 Dec. 31 9 10 Dec. 31 11 Dec. 31 12 B Multiple Choice Supplies 400 1,800 $400 $1,800 $250 D Beginning balance Purchases during the year Supplies on hand at year-end E F G H Amount of Supplies Expense reported on the December 31 income statement. Amount of Supplies reported on the December 31 balance sheet Which formula in cell B11 correctly calculates the amount of Supplies reported on the December 31 balance sheet