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Saved Help Save & Exit Required information The following information applies to the questions displayed below.) In its 2018 Annual Report to Shareholders, Kinney Inc. reported the following Consolidated Statement of Cash Flows: For the years ended December 31, 2018 2017 Cash flow from operating activities: Cash received from customers 197,942,040 211,773,952 (191,276,791) (200,474,336) (1,563,990) (2,098,523) (406,650) 4,694, 609 Cash paid to suppliers and employees Interest paid, net Income taxes paid Cash provided by operations 8,658, 843 Cash flow from investing activities: Capital expenditures and acquisitions Expenditures for other assets Cash used in investing activities Cash flow from financing activities: Principal payments of long-term debt and lease agreements Addition to long-term debt and lease liability Purchase of common stock and other capital transactions Payment of dividends Cash provided by (used in) financing activities Net increase (decrease) in cash Cash at beginning of year (3,003,579) 43,560)(137 420) (3,047,139) (1,804,802) (2,062,485) (6, 370,175) 3,068,378 (1,605,906) (855,558)(1,021,968) (1.455, 571)(6,865,527) 191,899 192,615 1,434,847 (908,231) 2 (11,4861 204.101 384,514 192,615 Cash at end of year 2018 Reconciliation of net income to net cash provided by operationsi Net income s 1,747,833 2,382,027 018 Reconciliation of net income to net cash provided by operations: Net income $ 1,747,833 2,382,027 3,505,504 3,525,087 205,000 Depreciation and amortization Deferred income taxes Changes in assets and liabilities, net of acquisitions: Decrease (increase) in receivables Decrease (increase) in inventories Increase (decrease) in prepaid expenses Increase (decrease) in controlled disbursements Increase (decrease) in accounts payable Increase (decrease) in accrued expenses 344,766 (2,897,353) 4,120, 668 (355,508) 6,041,490 (94,350) 83,718 1,768,676 (8,164,148) 417,616 1.969 s 4,694,609 8,658,843 361,648 373,394 (14,585) Other, net Cash provided by operations Kinney reported cost of goods sold of $168,114,150 in its fiscal 2018 income statement. Required: Assuming that Kinney uses accounts payable strictly for inventory purchases and that all such purchases are on credit, how much casi d Kinney pay during the year for inventories: di (a) Cash paid to inventory suppliers (b) Cash paid to employees Next 30 of 30111