The following transactiens occurred during March 2024 for the Right Corporation. The company operates a wholesale warehcuse. 1. Issued 36.000 shares of no-par common stock in exchange for $360.000 in cash. 2. Purchased equipment at a cost of $52,000. Cosh of $13,000 was paid and a note payable to the selor was signed for the balance owed. 3. Purchased inventory on account at a cost of $110,000. The compary uses the perpeguat inventory system. 4. Credit sales for the month totaled $150,000. The cost of the goods sold was $90,000. 5. Paid 54.750 in rent on the warehouse bulding for the month of March. 6. Pald $6,250 to an insurance company for fire and liability insurance for a one-year period beginning April1, 2024. 7. Paid $90,000 on account for the irwentory purchased in transaction 3 . 8. Collected $67,500 from customets on account. 9. Rocorded depreciation expense of $1,300 for the month on the equipenent. Required: Analyze eoch transaction and show the effect of each on the expanded accounting equation for a coeporation. Note: Amounts to be deducted should be indicated by a minus sign. Enter the net change on the accounting equation