7. The balance in Moon Co.'s accounts payable account at December 31, 2017 was $980,000 before any necessary year-end adjustments relating to the following: - Goods were in transit to Moon from a vendor on December 31, 2017. The invoice cost was $40,000. The goods were shipped f.o.b. shipping point on December 29, 2017 and were received on January 4, 2018. - Goods shipped f.o.b. destination on December 21, 2017 from a vendor to Moon were received on January 6, 2018. The invoice cost was $25,000