Check my werk 15 Exercise 4-16 (Algo) Statement of cash flows; directly from transactions (L04-8) The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale 04 points warehouse 1 Issued 36.000 shares of common stock exchange for $360,000 inch 2. Purchased equipment at a cost of 552.000 516.000 cash was paid and a note payable to the seller was signed for the balance owed 3. Purchased inventory on account a cost of S102 000. The company as the perpetual inventory 4 Credit sales for the month totaled 5126.000 The cost of the goods sold was 576.000 5. Paid $5.600 inrent on the warehouse building for the month of March 6. Paid $6.600 to an insurance company for fire and liability insurance for one year periodening Apel 1.2021 7 Paid 575,000 on account for the merchandise purchased in 3 8 Collected 561 000 from customers on sccount 9 Recorded depreciation opense of $1600 for the month on the equipment Required: 1. Analyze each transaction by indicating the cash effect and classify each as a financing, Investing, and/or operating activity (a transaction can represent more than one type of activity) 2. Prepare a statement of cash flows, using the direct method to present cash flows from operating activities. Assume the cash balance at the beginning of the month was $46,000 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Analyze cach transaction by indicating the cash effect and classify each as a financing, Investing, and/or operating activity transaction can represent more than one type of activity (Amants to be deducted should be indicated with a minus sign. If there is no cash effect, lave cell bank) 1 2 3 Racing DS 360,000 Operating Investing 5 of s 15 000 102.000 126,000 15.600 (6,609 4