The following transactions occurred during March 2023 for the Right Corporation. The company operates a wholesale warehouse. i. Invested RM440,000 cash as capital. ii. Purchased equipment at a cost of RM68,000. Cash of RM17,000 was paid the balance is on credit. iii. Purchased inventory on account at a cost of RM134,000. iv. Sold goods for credit totaled RM190,000. v. Paid RM6,000 in rent on the warehouse building for the month of March. vi. Paid RM6,850 to an insurance company for fire and liability insurance. vii. Paid RM114,000 on account for the inventory purchased in transaction 3. viii. Collected RM85,500 from customers on account. ix. Recorded depreciation expense of RM1,700 for the month on the equipment. Required: a. Analyze each transaction and show the effect of each on the expanded accounting equation for a corporation. b. Record into journal c. Post to ledger and prepare trial balance d. Prepare statement of profit or loss and statement of financial position The following transactions occurred during March 2023 for the Right Corporation. The company operates a wholesale warehouse. i. Invested RM440,000 cash as capital. ii. Purchased equipment at a cost of RM68,000. Cash of RM17,000 was paid the balance is on credit. iii. Purchased inventory on account at a cost of RM134,000. iv. Sold goods for credit totaled RM190,000. v. Paid RM6,000 in rent on the warehouse building for the month of March. vi. Paid RM6,850 to an insurance company for fire and liability insurance. vii. Paid RM114,000 on account for the inventory purchased in transaction 3. viii. Collected RM85,500 from customers on account. ix. Recorded depreciation expense of RM1,700 for the month on the equipment. Required: a. Analyze each transaction and show the effect of each on the expanded accounting equation for a corporation. b. Record into journal c. Post to ledger and prepare trial balance d. Prepare statement of profit or loss and statement of financial position