Partial balance sheets and additional information are listed below for Ensign Company. Additional information for 2016: Net income was $173,000. Depreciation expense was $33,000. Sales totaled $430,000. Cost of goods sold totaled $148,000. Required: Prepare the summary entry for the amount of cash paid to merchandise suppliers during 2016. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)