1. 4.00 points The following transactions occurred during March 2016 for the Wainwright Corporation. The company owns and operates a wholesale warehouse. 1. Issued 46,000 shares of capital stock in exchange for S460,000 in cash. 2. Purchased equipment at a cost of $72,000. $26,000 cash was paid and a note payable was signed for the balance owed. 3. Purchased inventory on account at a cost of $122,000. The company uses the perpetual inventory system 4. Credit sales for the month totaled S136,000. The cost of the goods sold was $86,000. 5. Paid S6,600 in rent on the warehouse building for the month of March. 6. Paid S7,600 to an insurance company for fire and liability insurance for a one-year period beginning April 1, 2016. 7. Paid S86,000 on account for the merchandise purchased in 3. 8. Collected $71,000 from customers on account. 9. Recorded depreciation expense of $2,600 for the month on the equipment. Required: 1. Analyze each transaction and classify each as a financing, investing, and/or operating activity (a transaction can represent more than one type of activity. In doing so, also indicate the cash effect of each. (Amounts to be deducted should be indicated with a minus sign. Ifthere is no cash effect, leave cell blank.) Operating Investing Financing 4