Stan's Market used the perpetual method to record the following events involving a recent purchase of inventory:

Received goods for $131000, terms 2/15, n/30.

Returned $3400 of the shipment for credit.

Paid $400 freight on the shipment.

Paid the invoice within the discount period.

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

increased by $125048.

increased by $125448.

increased by $125440.

increased by $128000.