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 $ 198,542,040 (191,776,791) (1,813,990) (356,650) 4,594,609 $ 212, 273,952 (200,974,336) (2,348,523) (492,250) 8,458,843 Cash flow from operating activities: Cash received from customers Cash paid to suppliers and employees Interest paid, net Income taxes paid Cash provided by operations 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 Cash at end of year (3,253,579) (38,560) (3,292,139) (1,917,382) (132,420) (2,049,802) (1,812,485) 3,068,378 (1,555,906) (805,558) (1,105,571) 196,899 180,115 377,014 (5,932,675) 1,384,847 (883, 231) (996,968) (6,428,027) (18,986) 199, 101 180, 115 $ $ 2021 2020 Reconciliation of net income to net cash provided by operations: Net income $ 1,707,333 2,247,077 Depreciation and amortization 3,455,504 3,475,087 Deferred income taxes 200,000 339,766 Changes in assets and liabilities, net of acquisitions: Decrease (increase) in receivables (2,847,353) 4,070,668 Decrease (increase) in inventories (350,508) 6,036,490 Increase (decrease) in prepaid expenses 356,648 (89,350) Increase (decrease) in controlled disbursements 368,394 78,718 Increase (decrease) in accounts payable 1,718,676 (8,114,148) Increase (decrease) in accrued expenses (14,085) 412,616 Other, net 1,919 Cash provided by operations $ 4,594,609 $ 8,458, 843 Required: Kinney reported cost of goods sold of $167,614,150 in its fiscal 2021 Income statement Compute Kinney's net Inventory purchases during the year. Net purchases