Cash flows from operating activities for both the indirect and direct methods are presented for Electronic Transformations Cash Flows from Operating Activities (Indirect method) Net income $ 35,100 Adjustments to reconcile net income to net cash flows from operating activities Depreciation expense Increase in accounts receivable Increase in accounts payable Increase in income tax payable 8,100 (12,100) 7,100 5,100 Net cash flows from operating activities $43,300 Cash Flows from Operating Activities (Direct method) Cash received from customers Cash paid for operating expenses Cash paid for income taxes $ 78,500 (25,100) (10,100) Net cash flows from operating activities $43,300 Required Complete the following income statement for Electronic Transformations. Assume all accounts payable are to suppliers ELECTRONIC TRANSFORMATIONS Income Statement For the Year Ended December 31, 2018 Net sales 90,600 Expenses Operating expenses Depreciation expense Income tax expense Total expenses 8,100 15,200 Net income 35,100 Electronic Superstore's inventory increases during the year by $3.0 million, and its accounts payable to suppliers increases by $5.0 million during the same period. What is the amount of cash paid to suppliers of merchandise during the reporting period if its cost of goods sold is $25.0 million? (Enter answers in one decimal place. (Enter your answer in millions. (i.e., $10,100,000 should be entered as 10.1).) Cash paid to suppliers