Question: On its balance sheet dated 1 2 / 3 1 / 2 0 2 1 , Midland company reported supplies inventory as an asset with

On its balance sheet dated 12/31/2021, Midland company reported supplies inventory as an asset with a value of $500. On its 12/31/2022 balance sheet the company reported supplies inventory as an asset with a value of $400. The company's 2022 income statement reported supplies expense equal to $350. What was the value of the supplies inventory that Midland company purchased in 2022?

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