The Borden Company provides the following information from its Year 1 and Year 2: Balance sheet Year 2 Year 1 Account $97,500 $115,000 receivable Inventory $130,000 $120,000 Prepaid insurance $1,500 $7,500 Prepaid rent $15.000 $40,000 Account payable $61,000 $55.000 Income statement Year 2 Sales $425,000 Cost of goods $255,000 sold Insurance $12,000 expense Rent expenso $25.000 Borden paid $ to suppliers during Year 2? Assume al purchases are on credit. If necessary calculate to two decimal places