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Kew Co's accounts payable balance at December 31 , year 2 , was $2,200,000 before considering the following data: - Goods shipped to Kew FOB

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Kew Co's accounts payable balance at December 31 , year 2 , was $2,200,000 before considering the following data: - Goods shipped to Kew FOB shipping point on December 22, year 2, were lost in transit. The invoice cost of $40,000 was not recorded by Kew. On January 7, year 3, Kew filed a $40,000 claim against the common carrier. - On December 27, year 2, a vendor authorized Kew to return, for full credit, goods shipped and billed at $70,000 on December 3, year 2. The returned goods were shipped by Kew on December 28, year 2. A $70,000 credit memo was received and recorded by Kew on January 5 , year 3 . - Goods shipped to Kew FOB destination on December 20, year 2, were received on January 6, year 3. The invoice cost was $50,000. What amount should Kew report as accounts payable in its December 31, year 2 balance sheet? $2,180,000$2,280,000$2,230,000$2,170,000

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