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

Issued $40,000$ shares of no$-$par common stock in exchange for $$400,000$ in cash.

Purchased equipment at a cost of $$60,000.$ Cash of $$15,000$ was pald and a note payable to the seller was signed for the balance

owed.

Purchased Inventory on account at a cost of $$122,000.$ The company uses the perpetual Inventory system.

Credit sales for the month totaled $$170,000.$ The cost of the goods sold was $$102,000.$

Pald $$5,500$ in rent on the warehouse bullding for the month of March.

Pald $$6,550$ to an Insurance company for fire and llability Insurance for a one$-$year perlod beginning April $1,2024.$

Pald $$102,000$ on account for the Inventory purchased in transaction $3.$

Collected $$76,500$ from customers on account.

Recorded depreclation expense of $$1,500$ 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.