18) In its 2021 Annual Report to Shareholders, Kinney Inc. reported the following Consolidated Statement of Cash Flows: For the years ended December 31,

	2021				2020
Cash flow from operating activities:
Cash received from customers	$	197,822,040			$	211,673,952
Cash paid to suppliers and employees		(191,176,791	)			(200,374,336	)
Interest paid, net		(1,513,990	)			(2,048,523	)
Income taxes paid		(416,650	)			(552,250	)
Cash provided by operations		4,714,609				8,698,843
Cash flow from investing activities:
Capital expenditures and acquisitions		(2,953,579	)			(1,617,382	)
Expenditures for other assets		(44,560	)			(138,420	)
Cash used in investing activities		(2,998,139	)			(1,755,802	)
Cash flow from financing activities:
Principal payments of long-term debt and lease agreements		(2,112,485	)			(6,460,175	)
Addition to long-term debt and lease liability		3,068,378				1,444,847
Purchase of common stock and other capital transactions		(1,615,906	)			(913,231	)
Payment of dividends		(865,558	)			(1,026,968	)
Cash provided by (used in) financing activities		(1,525,571	)			(6,955,527	)
Net increase (decrease) in cash		190,899				(12,486	)
Cash at beginning of year		192,615				205,101
Cash at end of year	$	383,514			$	192,615

	2021				2020
Reconciliation of net income to net cash provided by operations:
Net income	$	1,755,933			$	2,408,517
Depreciation and amortization		3,515,504				3,535,087
Deferred income taxes		206,000				345,766
Changes in assets and liabilities, net of acquisitions:
Decrease (increase) in receivables		(2,907,353	)			4,130,668
Decrease (increase) in inventories		(356,508	)			6,042,490
Increase (decrease) in prepaid expenses		362,648				(94,850	)
Increase (decrease) in controlled disbursements		374,394				84,718
Increase (decrease) in accounts payable		1,778,676				(8,174,148	)
Increase (decrease) in accrued expenses		(14,685	)			418,616
Other, net						1,979
Cash provided by operations	$	4,714,609			$	8,698,843

Required: Kinney reported cost of goods sold of $168,214,150 in its fiscal 2021 income statement. Compute Kinneys net inventory purchases during the year.

Net purchases