On April 1, 2019, Franky Paul started a business in Montego Bay, with its primary functions being the buying and selling of used auto parts. At the end of his first year of trading, he has provided you with the following account balances: Details Apr 01 Mar 31 Cash 520,000 422,000 Stock 0 123,200 Creditors 0 78,300 Motor van (book value) 1,500,000 1,350,000 Computer (book value) 95,000 80,750 Debtors 0 28,500 Insurance prepaid 0 12,000 Rent expense owing 0 32,000 5% Loan 400,000 350,000 Mr. Paul also had cash sales during the year amounting to $1,230,000, cash purchases amounting to $953,000, cash receipts from debtors for $145,000, cash payments to suppliers for $123,600, discounts to credit customers was $23,000, and discounts from credit suppliers was $14,500. In light of this information, how much was the total purchases for the year? Select one: