At 12/31/20, the ending inventory balance of ChainCo was $350,000 and included the following: 1. $20,000 in inventory purchased by ChainCo, shipped from seller on 12/28/19 with terms FOB Shipping Point due to arrive Jan. 2. 2020. 2. $15,000 in goods sold by ChainCo with terms FOB Shipping Point on 12/27 expected to arrive on Jan. 12, 2020, 3. $8,000 of goods bought by ChainCo with terms FOB Destination that were paid for and shipped on 12/30. The goods did not arrive at the SwiftCo warehouse until 1/4/20. Which of the above should be excluded from the $350,000 ending inventory balance at year end? O a. #1 and #2 O b. 3 only O c#2 only O d. #2 and #3