3) (15 pts) A coffee distributor had in January 20,000 lbs of coffee valued at $3.20/lb. They bought 5,000 lbs at $3.30/lb in Februaty and 7,000 lbs at $3.40/lb in March. In April, they sold 10,000 lbs at $4.10 each. What is the gross income if inventory is valued using each of the following methods? A) Weighted Average B) FIFO C) LIFO