The following transactions occurred during March 2024 for the Right Corporation. The company operates a wholesale warehouse. 1. Issued 40,000 shares of no-par common stock in exchange for $400,000 in cash. 2. Purchased equipment at a cost of $60,000. Cash of $15,000 was pald and a note payable to the seller was signed for the balance owed. 3. Purchased inventory on account at a cost of $122,000. The company uses the perpetual inventory system. 4. Credit sales for the month totaled $170,000. The cost of the goods sold was $102,000. 5 . Paid $5,500 in rent on the warehouse building for the month of March. 6. Paid $6,550 to an Insurance company for fire and liability Insurance for a one-year period beginning April 1, 2024. 7. Paid $102,000 on account for the Inventory purchased in transaction 3. 8. Collected $76,500 from customers on account. 9. Recorded depreclation expense of $1,500 for the month on the equipment. Requlred: Analyze each transaction and show the effect of each on the expanded accounting equation for a corporation. Note: Amounts to be deducted should be Indlcated by a minus sign. Enter the net change on the accounting equation