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

$\backslash$table$[[,$Inventory$],[$Beginning balance,$95\mathrm{.}0,],[$Ending balance,$98\mathrm{.}5,]]$

$\backslash$table$[[$Accounts Payable$],[,26\mathrm{.}0$ Beginning balance$],[,29\mathrm{.}2$ Ending balance$]]$

Required:

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 $$250$ million.

Prepare a summary entry that represents the net effect of merchandise purchases during the reporting period.

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$6$ of $12$

Nen t$.$