The following transactions occurred during March 2018 for the Wainwright Corporation. The company owns and operates a wholesale warehouse. Issued 48,000 shares of common stock in exchange for $480,000 in cash. Purchased equipment at a cost of $76,000. $19,000 cash was paid and a note payable was signed for the balance owed. Purchased inventory on account at a cost of $146,000. The company uses the perpetual inventory system. Credit sales for the month totaled $210,000. The cost of the goods sold was $126,000. Paid $6,500 in rent on the warehouse building for the month of March. Paid $7,150 to an insurance company for fire and liability insurance for a one-year period beginning April 1, 2018. Paid $126,000 on account for the merchandise purchased in 3. Collected $94,500 from customers on account. Recorded depreciation expense of $1,900 for the month on the equipment. Required: Analyze each transaction and show the effect of each on the accounting equation for a corporation. (Amounts to be deducted should be indicated by a minus sign. Enter the net change on the accounting equation.)