At December 31, 2014, the following information was available from Kohl Co.'s accounting records: Cost Retail Inventory, 1/1/14 $147,000 $ 203,000 Purchases 833,000 1,155,000 Additional markups 42,000 Available for sale $980,000 $1,400,000 Sales for the year totaled $1,200,000. Markdowns amounted to $10,000. Under the lower-of-cost-or- market method, Kohl's inventory at December 31, 2014 was Select one O a $294,000 Ob $140,000 O c $133,000 Od $147,000