Question: Please help me find the net purchase Required information [The following information applies to the questions displayed below.] In its 2018 Annual Report to Shareholders,

![information applies to the questions displayed below.] In its 2018 Annual Report](https://dsd5zvtm8ll6.cloudfront.net/si.experts.images/questions/2024/09/66f1f79c0ae66_59566f1f79b7c3da.jpg)
Please help me find the net purchase
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 Cash paid to suppliers and employees Interest paid, net Income taxes paid $ 197,582,040 211,473,952 (190,976,791) (200,174,336) (1,413,990) (1,948,523) (436,650 4,754,609 572,250 Cash provided by operations 8,778,843 Cash flow from investing activities: Capital expenditures and acquisitions Expenditures for other assets (2,853,579) (46,560) (2,900,139) (1,517,382) (1,657,802) (6,640,175) 140,420 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 (2,212,485) 3,068,378 1,464,847 (1,635,906) (923,231) 885,558 1,036,968 1,665,571 7,135,527 188,899 192,615207.101_ 381,514 $ (14,486) 192,61!5 2018 2017 Reconciliation of net income to net cash provided by operations: Net income Depreciation and amortization Deferred income taxes $ 1,772,133 2,461,497 3,555,087 347,766 3,535,504 208,000 Changes in assets and liabilities, net of acquisitions: (2,927,353) 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 4,150,668 6,044,490 (358,508) 364,648 376,394 (95,850) 86,718 1,798,676 (8,194,148) 420,616 1,999 $ 4,754,6098,778,843 (14,885) Required Kinney reported cost of goods sold of $168,414,150 in its fiscal 2018 income statement. Compute Kinney's net inventory purchases during the year Net purchases
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