Oriole Company's accounts payable balance at December 31, 2020 was $1614000 before considering the following transactions:

		Goods were in transit from a vendor to Oriole on December 31, 2020. The invoice price was $71000, and the goods were shipped f.o.b. shipping point on December 29, 2020. The goods were received on January 4, 2021
		Goods shipped to Oriole, f.o.b. shipping point on December 20, 2020, from a vendor were lost in transit. The invoice price was $50000. On January 5, 2021, Oriole filed a $50000 claim against the common carrier

In its December 31, 2020 balance sheet, Oriole should report accounts payable of

$1735000.

$1664000.

$1685000.

$1614000.