Prepare the summary entry for the amount of cash paid to merchandise suppliers during 2018.

Partial balance sheets and additional information are listed below for Ensign Company Ensign Company Partial Balance Sheets as of December 31 2018 2017 Assets Cash Accounts receivable Inventory Liabilities Accounts payable $17,500 $35,000 85,e00 55,000 18,000 22,500 $67,000 $55,5ee Additional information for 2018 Net income was $165,000 Depreciation expense was $25,000 Sales totaled $350,0o0 Cost of goods sold totaled $140,000