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 $64,000. $22,000 cash was paid and a note payable to the seller was signed for the balance owed. 3. Purchased inventory on account at a cost of $114,000. The company uses the perpetual inventory system 4. Credit sales for the month totaled $132,000. 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. Required: 1. Analyze each transaction by indicating the cash effect and classify each as a financing, investing, and/or operating activity lo transaction can represent more than one type of activity), 2. Prepare a statement of cash flows, using the direct method to present cash flows from operating activities. Assume the cash balance at the beginning of the month was $52.000. Complete this question by entering your answers in the tabs below. Prev 6 of 10 Next > O P thp N a W