[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	$	197,582,040			$	211,473,952
Cash paid to suppliers and employees		(190,976,791	)			(200,174,336	)
Interest paid, net		(1,413,990	)			(1,948,523	)
Income taxes paid		(436,650	)			(572,250	)
Cash provided by operations		4,754,609				8,778,843
Cash flow from investing activities:
Capital expenditures and acquisitions		(2,853,579	)			(1,517,382	)
Expenditures for other assets		(46,560	)			(140,420	)
Cash used in investing activities		(2,900,139	)			(1,657,802	)
Cash flow from financing activities:
Principal payments of long-term debt and lease agreements		(2,212,485	)			(6,640,175	)
Addition to long-term debt and lease liability		3,068,378				1,464,847
Purchase of common stock and other capital transactions		(1,635,906	)			(923,231	)
Payment of dividends		(885,558	)			(1,036,968	)
Cash provided by (used in) financing activities		(1,665,571	)			(7,135,527	)
Net increase (decrease) in cash		188,899				(14,486	)
Cash at beginning of year		192,615				207,101
Cash at end of year	$	381,514			$	192,615

	2018				2017
Reconciliation of net income to net cash provided by operations:
Net income	$	1,772,133			$	2,461,497
Depreciation and amortization		3,535,504				3,555,087
Deferred income taxes		208,000				347,766
Changes in assets and liabilities, net of acquisitions:
Decrease (increase) in receivables		(2,927,353	)			4,150,668
Decrease (increase) in inventories		(358,508	)			6,044,490
Increase (decrease) in prepaid expenses		364,648				(95,850	)
Increase (decrease) in controlled disbursements		376,394				86,718
Increase (decrease) in accounts payable		1,798,676				(8,194,148	)
Increase (decrease) in accrued expenses		(14,885	)			420,616
Other, net						1,999
Cash provided by operations	$	4,754,609			$	8,778,843

Required: Kinney reported cost of goods sold of $168,414,150 in its fiscal 2018 income statement. Compute Kinneys net inventory purchases during the year.

Net Purchases =