Shown below in T-account format are the beginning and ending balances ($ in millions) of both inventory and accounts payable.

Inventory
Beginning balance	75.0
Ending balance	76.5

Accounts Payable
		18.0	Beginning balance
		20.4	Ending balance

Required: 1. Use a T-account analysis to determine the amount of cash paid to suppliers of merchandise during the reporting period if cost of goods sold was $210 million. 2. Prepare a summary entry that represents the net effect of merchandise purchases during the reporting period.