select all that apply in its 1st year of business, daily grind, inc. purchased $1,000 of supplies of which it only has $300 left at the end of the period. which of the following will be found in the year-end financial statements? (select all that apply.) multiple select question.

A) supplies expense on the income statement of $1,300 1

B) supplies on the balance sheet of $300

C) supplies expense on the income statement of $700

D) supplies on the balance sheet of $700