[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 $ 196,862,040 (190,376,791) (1,113,990) (496,650) 4,874,609 $ 210,873,952 (199,574,336) (1,648,523) (632,250) 9,018, 843 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 Cash flow from investing activities: Capital expenditures and acquisitions Expenditures for other assets Cash used in investing activities 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 (2,553,579) (52,560) (2,606,139) (1,217,382) (146,420) (1,363,802) (2,512,485) 3,068,378 (1,695,906) (945,558) (2,085,571). 182.899 202,615 385,514 (7,170,175) 1,524,847 (953, 231) (1,066,968) (7,665,527) (10,486) 213, 101 202.615 $ 2018 2017 $ 1,820,733 3,595,504 214,000 $ 2,620, 437 3.615,087 353, 766 Reconciliation of net income to net cash provided by operations: Net income Depreciation and amortization Deferred Income taxes Changes in assets and liabilities, net of acquisitions: Decrease increase in receivables Decrease increaso) in inventories Increase (decrease) in prepaid expenses There are in montrollo di ramenta (2,987,353) (364,508) 370,648 WR2 194 4,210,668 6,050, 490 (98,850) 92.71R (2,606,139) (1,363,802) Cash used in investing activities 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 (2,512,485) 3,068,378 (1,695,906) 1945,558) (2.085,571) 182,899 202.615 385,514 (7,170,175) 1,524,847 (953,231) (1,066,968) (7,665,527) (10,486) 213, 101 202,615 $ 2018 2017 $ 1,820,733 3,595,504 214,000 $ 2,620,437 3,615,087 353, 766 Reconciliation of net income to net cash provided by operations: Net income Depreciation and amortization Deferred income taxes 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 (2,997,353) (364,508) 370, 648 382,394 1,858,676 (15,485) 4,210,668 6,050, 490 (98,850) 92,718 (8.254,148) 426,616 2,059 $ 9,018, 843 $ 4,874,609 Required: Kinney reported cost of goods sold of $169,014,150 in its fiscal 2018 income statement. Compute Kinney's net inventory purchases during the year. Not purchases