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In its 2018 Annual Report to Shareholders, Kinney Inc. reported the following Consolidated Statement of Cash Flows: For the years ended December 31,

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 Cash paid to suppliers and employees Interest paid, net Income taxes paid Cash provided by operations $ 197,702,40 211,573,952 (191,076,791) (20,274,336) (1,463,99e) 426,650) 4,734,609 (1,998,523) (562,250) 8,738,843 Cash flow from investing activities: Capital expenditures and acquisitions Expenditures for other assets Cash used in investing activities (2,903,579) 45,560) (2,949,139) (1,567,382) (1,706,802) (6,550,175) 45. 568(139,420) 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 (2,162,485) 3,068,378 (1,625,906) 875,558) 1,454,847 (918,231) 1,031,968) 7,045,527) (13,486) .595.571 189,899 192,615206,11 192,615 82,514 $ 2018 2017 Reconciliation of net income to net cash provided by operations: Net income Depreciation and amortization Deferred income taxes s 1,764,033 3,525,504 207,eee $ 2,435,e07 3,545,087 346,766 Changes in assets and liabilities, net of acquisitions Decrease (increase) in receivables Decrease (increase) in inventories Increase (decrease) in prepaid expenses Increase (decrease) in controlled disbursements Increase (decrease) in accounts payable Increase (decrease) in accrued expenses Other, net Cash provided by operations (2,917,353) 4,140,668 (357,508) 6,043,490 363,648 (95,35e) 375, 394 (14,785) s 4,734,609 85,718 1,788,676 (8,184,148) 419,616 1,989 $ 8,738,843 Required Kinney reported cost of goods sold of $168,314,150 in its fiscal 2018 income statement. Compute Kinney's net inventory purchases during the year