1. Layton Industries recorded the following events involving a recent purchase of inventory:

Received goods for $100,000, terms 3/15, n/30.

Returned $5,000 of the shipment for credit.

Paid the invoice within the discount period.

Paid $1,000 freight on the shipment.

As a result of these events, the company's inventory

a. increased by $96,000.

b. increased by $93,000.

c. increased by $95,000.

d. increased by $93,150.