Required information

[The following information applies to the questions displayed below.]

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	$	196,862,040			$	210,873,952
Cash paid to suppliers and employees		(190,376,791	)			(199,574,336	)
Interest paid, net		(1,113,990	)			(1,648,523	)
Income taxes paid		(496,650	)			(632,250	)
Cash provided by operations		4,874,609				9,018,843
Cash flow from investing activities:
Capital expenditures and acquisitions		(2,553,579	)			(1,217,382	)
Expenditures for other assets		(52,560	)			(146,420	)
Cash used in investing activities		(2,606,139	)			(1,363,802	)
Cash flow from financing activities:
Principal payments of long-term debt and lease agreements		(2,512,485	)			(7,170,175	)
Addition to long-term debt and lease liability		3,068,378				1,524,847
Purchase of common stock and other capital transactions		(1,695,906	)			(953,231	)
Payment of dividends		(945,558	)			(1,066,968	)
Cash provided by (used in) financing activities		(2,085,571	)			(7,665,527	)
Net increase (decrease) in cash		182,899				(10,486	)
Cash at beginning of year		202,615				213,101
Cash at end of year	$	385,514			$	202,615

	2018				2017
Reconciliation of net income to net cash provided by operations:
Net income	$	1,820,733			$	2,620,437
Depreciation and amortization		3,595,504				3,615,087
Deferred income taxes		214,000				353,766
Changes in assets and liabilities, net of acquisitions:
Decrease (increase) in receivables		(2,987,353	)			4,210,668
Decrease (increase) in inventories		(364,508	)			6,050,490
Increase (decrease) in prepaid expenses		370,648				(98,850	)
Increase (decrease) in controlled disbursements		382,394				92,718
Increase (decrease) in accounts payable		1,858,676				(8,254,148	)
Increase (decrease) in accrued expenses		(15,485	)			426,616
Other, net						2,059
Cash provided by operations	$	4,874,609			$	9,018,843

Required: Kinney reported cost of goods sold of $169,014,150 in its fiscal 2018 income statement. Compute Kinneys net inventory purchases during the year.