The balance in Sunland Company's accounts payable account at December 31, 2020 was $972000 before any necessary year-end adjustments relating to the following:

		Goods were in transit to Sunland from a vendor on December 31, 2020. The invoice cost was $40000. The goods were shipped f.o.b. shipping point on December 29, 2020 and were received on January 4, 2021
		Goods shipped f.o.b. destination on December 21, 2020 from a vendor to Sunland were received on January 6, 2021. The invoice cost was $25000
		On December 27, 2020, Sunland wrote and recorded checks to creditors totaling $30000 that were mailed on January 10, 2021.

In Sunland's December 31, 2020 balance sheet, the accounts payable should be

$1037000.

$1042000.

$1012000.

$1002000.