If Sequoia improved the overall corporate inventory turnover to 10.000 turns per year, in terms of lower inventory carrying costs, based on last years numbers, how much would this save annually? (To answer this question, solve for the current inventory carrying cost minus the carrying cost if improving inventory turnover to 10. Note, the current inventory carrying cost is 32.4%)

Table One: Last Year's Balance Sheet and Income Statement for Sequoia Distributing Balance Sheet $1,573,180 Cash $6,844,260 Accounts Receivables $5,329,830 Inventory $6,020,950 Accounts Payable Income Statement $36,491,330 Sales Revenue $32,352,920 Cost of Goods Sold $3,388,410 Net Income