Parker and Jones is a leading retailer of casual apparel for men, women, and children. Assume that you are employed as a stock analyst and your boss has just completed a review of the new Abercrombie annual report. She for the current year were $3,540,226,000. Cost of goods sold was $1,178,574,000. Net income was $272,275,000. Required: Determine the amount of purchases for the year. (Hint: Use the cost of goods sold equation.) of