8. Trey Company has a 40% mark-up on cost. Trey has $70,000 in inventory on January 1, 20X8. Between January 1 and March 1, $620,000 of additional inventory was purchased. Sales of $840,000 were made during this same period. A fire destroyed all March 1 inventory. How much inventory was lost? A. $ 90,000 B. $110,000 C. $ 130,000 D. $186,000 E. $372,000