The following transactions occurred during March $2024$ for the Right Corporation. The company operates a wholesale warehouse.

Issued $26,000$ shares of no$-$par common stock in exchange for $$260,000$ in cash.

Purchased equipment at a cost of $$32,000.$ Cash of $$8,000$ was paid and a note payable to the seller was signed for the balance

owed.

Purchased inventory on account at a cost of $$80,000.$ The company uses the perpetual inventory system.

Credit sales for the month totaled $$100,000.$ The cost of the goods sold was $$60,000.$

Paid $$3,750$ in rent on the warehouse building for the month of March.

Paid $$5,650$ to an insurance company for fire and liability insurance for a one$-$year period beginning April $1,2024.$

Paid $$60,000$ on account for the inventory purchased in transaction $3.$

Collected $$45,000$ from customers on account.

Recorded depreciation expense of $$800$ for the month on the equipment.

Required:

Analyze each transaction and show the effect of each on the expanded accounting equation for a corporation.

Note: Amounts to be deducted should be indicated by a minus sign. Enter the net change on the accounting equation.