3. The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale warehouse. Indicate whether each transaction increases (1), decreases (D), or has no effect (N) for each activity along with its amount. [10 points) Example: Paid S5,000 in rent on the warehouse building for the month of March a. Issued 30,000 shares of common stock in exchange for $300,000 in cash. b. Purchased equipment at a cost of $40,000. $10,000 cash was paid and a note payable to the seller was signed for the balance owed. c. Credit sales for the month totaled $120,000. The cost of the goods sold was $70,000. d. Paid $4,000 for dividends e. Recorded depreciation expense of $1,000 for the month on the equipment Operating Activity $5,000 D Investing Activity Financing Activity Example