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,$110\mathrm{.}0,$Credit,$],[$Ending balance,$115\mathrm{.}0,,]]$

$\backslash$table$[[$Debit Accounts Payable,$],[,32\mathrm{.}0$ Beginning balance$],[,35\mathrm{.}8$ Ending balance$]]$

Required:

Use a T$-$account analysis to determine the amount of cash pald to suppliers of merchandise during the reporting period if cost of goods sold was $$280$ million.

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