19) 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	$	198,302,040			$	212,073,952
Cash paid to suppliers and employees		(191,576,791	)			(200,774,336	)
Interest paid, net		(1,713,990	)			(2,248,523	)
Income taxes paid		(376,650	)			(512,250	)
Cash provided by operations		4,634,609				8,538,843
Cash flow from investing activities:
Capital expenditures and acquisitions		(3,153,579	)			(1,817,382	)
Expenditures for other assets		(40,560	)			(134,420	)
Cash used in investing activities		(3,194,139	)			(1,951,802	)
Cash flow from financing activities:
Principal payments of long-term debt and lease agreements		(1,912,485	)			(6,104,675	)
Addition to long-term debt and lease liability		3,068,378				1,404,847
Purchase of common stock and other capital transactions		(1,575,906	)			(893,231	)
Payment of dividends		(825,558	)			(1,006,968	)
Cash provided by (used in) financing activities		(1,245,571	)			(6,600,027	)
Net increase (decrease) in cash		194,899				(12,986	)
Cash at beginning of year		188,115				201,101
Cash at end of year	$	383,014			$	188,115

	2021				2020
Reconciliation of net income to net cash provided by operations:
Net income	$	1,723,533			$	2,301,057
Depreciation and amortization		3,475,504				3,495,087
Deferred income taxes		202,000				341,766
Changes in assets and liabilities, net of acquisitions:
Decrease (increase) in receivables		(2,867,353	)			4,090,668
Decrease (increase) in inventories		(352,508	)			6,038,490
Increase (decrease) in prepaid expenses		358,648				(91,350	)
Increase (decrease) in controlled disbursements		370,394				80,718
Increase (decrease) in accounts payable		1,738,676				(8,134,148	)
Increase (decrease) in accrued expenses		(14,285	)			414,616
Other, net						1,939
Cash provided by operations	$	4,634,609			$	8,538,843

Required: Assuming the decrease in accrued expenses during fiscal year 2021 included a $13,700 reduction due to interest on debt, compute the interest expense (net) for Kinney in that year.

Interest expense