Trip Company has a 40% mark-up on cost. Trip has $80,000 in inventory on January 1,208. 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. $100,000 B. $120,000 C. $140,000 D. $196,000 E. $382,000