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	$	196,742,040			$	210,773,952
Cash paid to suppliers and employees		(190,276,791	)			(199,474,336	)
Interest paid, net		(1,063,990	)			(1,598,523	)
Income taxes paid		(506,650	)			(642,250	)
Cash provided by operations		4,894,609				9,058,843
Cash flow from investing activities:
Capital expenditures and acquisitions		(2,503,579	)			(1,167,382	)
Expenditures for other assets		(53,560	)			(147,420	)
Cash used in investing activities		(2,557,139	)			(1,314,802	)
Cash flow from financing activities:
Principal payments of long-term debt and lease agreements		(2,562,485	)			(7,260,675	)
Addition to long-term debt and lease liability		3,068,378				1,534,847
Purchase of common stock and other capital transactions		(1,705,906	)			(958,231	)
Payment of dividends		(955,558	)			(1,071,968	)
Cash provided by (used in) financing activities		(2,155,571	)			(7,756,027	)
Net increase (decrease) in cash		181,899				(11,986	)
Cash at beginning of year		202,115				214,101
Cash at end of year	$	384,014			$	202,115

	2018				2017
Reconciliation of net income to net cash provided by operations:
Net income	$	1,828,833			$	2,646,927
Depreciation and amortization		3,605,504				3,625,087
Deferred income taxes		215,000				354,766
Changes in assets and liabilities, net of acquisitions:
Decrease (increase) in receivables		(2,997,353	)			4,220,668
Decrease (increase) in inventories		(365,508	)			6,051,490
Increase (decrease) in prepaid expenses		371,648				(99,350	)
Increase (decrease) in controlled disbursements		383,394				93,718
Increase (decrease) in accounts payable		1,868,676				(8,264,148	)
Increase (decrease) in accrued expenses		(15,585	)			427,616
Other, net						2,069
Cash provided by operations	$	4,894,609			$	9,058,843

Required:

A. Assuming the decrease in accrued expenses during fiscal year 2018 included a $15,000 reduction due to taxes, compute the income tax expense for Kinney in that year. B. Kinney reported cost of goods sold of $169,114,150 in its fiscal 2018 income statement. Compute Kinneys net inventory purchases during the year.

C. Assuming the decrease in accrued expenses during fiscal year 2018 included a $15,000 reduction due to interest on debt, compute the interest expense (net) for Kinney in that year.

D. Assuming that Kinney uses accounts payable strictly for inventory purchases and that all such purchases are on credit, how much cash did Kinney pay during the year for inventories: (a)Cash paid to inventory suppliers (b)Cash paid to employees