The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale warehouse. 1. Issued 42,000 shares of common stock in exchange for $420,000 in cash. 2. Purchased equipment at a cost of $52,000. $16,000 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 $102,000. The company uses the perpetual inventory system. 4. Credit sales for the month totaled $180,000. The cost of the goods sold was $82,000. 5. Paid $6,200 in rent on the warehouse building for the month of March. 6. Paid $7,200 to an insurance company for fire and liability insurance for a one-year period beginning April 1, 2021. 7. Paid $82,000 on account for the merchandise purchased in 3. 8. Collected $67,000 from customers on account. 9. Recorded depreciation expense of $2,200 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.