The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale warehouse.

1. Issued 46,000 shares of common stock in exchange for $460,000 in cash.
2. Purchased equipment at a cost of $56,000. $18,000 cash was paid and a notes payable to the seller was signed for the balance owed.
3. Purchased inventory on account at a cost of $110,000. The company uses the perpetual inventory system.
4. Credit sales for the month totaled $200,000. The cost of the goods sold was $86,000.
5. Paid $6,600 in rent on the warehouse building for the month of March.
6. Paid $7,600 to an insurance company for fire and liability insurance for a one-year period beginning April 1, 2021.
7. Paid $86,000 on account for the merchandise purchased in 3.
8. Collected $71,000 from customers on account.
9. Recorded depreciation expense of $2,600 for the month on the equipment.

Post the above transactions to the below T-accounts. Assume that the opening balances in each of the accounts is zero. Prepare a trial balance from the ending account balances.