Partial balance sheets and additional information are listed below for Ensign Company. 22 5/10 points awarded Ensign Company Partial Balance Sheets as of December 31 2021 2020 Assets Cash $17,500 $35,000 Accounts receivable 85,000 55,000 Inventory 18,000 22,500 Liabilities Accounts payable $67,000 $55,500 Scored Additional information for 2021: Net income was $165,000 Depreciation expense was $25,000. Sales totaled $350,000. Cost of goods sold totaled $140,000. Required: Prepare the summary entry for the amount of cash paid to merchandise suppliers during 2021. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) No Event General Journal Credit Debit 135,500 Inventory Cash Accounts payable OO 124,000 11,500