On December 31, 2024, Combustion Company reported inventory and accounts payable amounting to P2,500,000 and P4,000,000, respectively, before possible adjustment for the following: Goods in transit from a vendor to Combustion on December 31, 2024 with an invoice cost of P200,000 FOB shipping point was not yet recorded. Goods shipped FOB shipping point from a vendor to Combustion was lost in transit. The invoice cost of P80,000 was not yet recorded. Goods shipped FOB shipping point from a vendor to Combustion on December 31, 2024 amounting to P32,000 was recorded and included in the year-end physical count as "goods in transit". Goods in transit from a vendor to Combustion on December 31, 2024 with an invoice cost of P40,000 purchased FOB destination was not yet recorded. The goods were received in January 2025. Goods with invoice cost of P60,000 was recorded and included in the year-end physical count as goods in transit." It was found out that the goods were shipped from a vendor under FOB destination. What is the adjusted accounts payable on December 31, 2024? 4,340,000 O 4,292,000 0 4,252,000 0 4,220,000