Refer to the financial statements of Express, Inc. Attached Bellow

Assuming that $50,000 of cost of goods sold was due to non-inventory purchase expenses (distribution and occupancy costs), how much inventory did the company buy during the year? (Hint: Use a T-account of inventory to infer how much was purchased.)

EXPRESS, INC. CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Amounts in Thousands, Except Per Share Amounts) 2017 2016 2015 NET SALES $ 2,138,030 $ 2,192,547 $ 2,350,129 COST OF GOODS SOLD, BUYING AND OCCUPANCY COSTS 1,522,797 1,529,343 1,554,852 Gross profit 615,233 663,204 795,277 OPERATING EXPENSES: Selling, general, and administrative expenses 562,088 559,541 587,747 Restructuring costs 22,869 Other operating expense, net 536 292 Total operating expenses 585,493 559,603 588,039 OPERATING INCOME 29,740 103,601 207.238 INTEREST EXPENSE, NET 2.242 13,468 15.882 OTHER (INCOME) EXPENSE, NET (537) (484) 672 INCOME BEFORE INCOME TAXES 28,035 90,617 190,684 INCOME TAX EXPENSE 33,200 74.171 NET INCOME 19,366 $ 57,417 $ 116,513 OTHER COMPREHENSIVE INCOME: Foreign currency translation gain (loss) (402)$ 862 $ (1,608) Amount reclassified to earnings 4,205 COMPREHENSIVE INCOME $ 23,169 $ 58,279 $ 114,905 EARNINGS PER SHARE: Basic s $ 0.25 s 0.25% 0.73 0.73 $ $ 1.39 1.38 Diluted WEIGHTED AVERAGE SHARES OUTSTANDING: Basic 78,592 78,669 83.90 Diluted 78,870 79,049 84,591 See notes to consolidated financial statements. EXPRESS, INC. CONSOLIDATED BALANCE SHEETS (Amounts in Thousands, Except Per Share Amounts) February 3, 2018 January 28, 2017 ASSETS CURRENT ASSETS: Cash and cash equivalents $ 207,373 15,787 Receivables, net Inventories Prepaid minimum rent 236,222 12,084 266,271 30,779 19,780 241,424 31,626 17,923 Other Total current assets 565,136 514,133 PROPERTY AND EQUIPMENT Less: accumulated depreciation 1,047,447 (642,434) 405,013 1,029,176 (577,890) 451,286 Property and equipment, net 197,618 197,618 TRADENAME/DOMAIN NAMES/TRADEMARKS DEFERRED TAX ASSETS OTHER ASSETS 7,025 12,815 1,187,607 7,926 14,226 1,185,189 Total assets S $ S LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable Deferred revenue Accrued expenses Total current liabilities 145,589S 28,920 116,355 290,864 172.668 29,428 80,301 282,397 146,328 DEFERRED LEASE CREDITS OTHER LONG-TERM LIABILITIES Total liabilities 137,618 105,125 120,777 533,607 549,502 COMMITMENTS AND CONTINGENCIES (Note 13) STOCKHOLDERS' EQUITY: Preferred stock - $0.01 par value; 10,000 shares authorized; no shares issued or outstanding - Common stock - $0.01 par value; 500,000 shares authorized: 92,647 shares and 92,063 shares issued at February 3, 2018 and January 28, 2017, respectively, and 76,724 shares and 78,422 shares outstanding at February 3, 2018 and January 28, 2017, respectively 926 921 Additional paid-in capital 199,099 185,097 (3,803) 690,715 710,081 (256,106) (237,243) Accumulated other comprehensive loss Retained earnings Treasury stock -at average cost; 15.923 shares and 13,641 shares at February 3, 2018 and January 28, 2017, respectively Total stockholders' equity Total liabilities and stockholders' equity See notes to consolidated financial statements. 654,000 635,687 1,185,189 S 1,187,607 $