The following transactions occurred during March 2024 for the Right Corporation. The company operates a wholesale warehouse. 1. Issued 41,000 shares of no-par common stock in exchange for $410,000 in cash. 2. Purchased equipment at a cost of $51,000. Cash of $15,500 was paid and a note payable to the seller was signed for the balance owed. 3. Purchased inventory on account at a cost of $100,000. The company uses the perpetual inventory system. 4. Credit sales for the month totaled $175,000. The cost of the goods sold was $81,000. 5. Paid $6,100 in rent on the warehouse building for the month of March. 6. Paid $7,100 to an insurance company for fire and liability insurance for a one-year period beginning April 1, 2024. 7. Paid $81,000 on account for the inventory purchased in transaction 3. 8. Collected $66,000 from customers on account. 9. Recorded depreciation expense of $2,100 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. Complete this question by entering your answers in the tabs below. T Accounts Trial Balance Cash Accounts receivable Beginning Balance 0 Beginning Balance 0 1. 410,000 Ending Balance 410,000 Ending Balance Inventory Prepaid insurance Beginning Balance 0 Beginning Balance 0 Ending Balance Ending Balance 13 Accumulated depreciation Equipment Beginning Balance 0 Beginning Balance 0 Ending Balance Ending Balance Accounts payable Notes payable Beginning Balance 0 Beginning Balance 0 Ending Balance Ending Balance Common stock Sales revenue 13 Common stock Sales revenue Beginning Balance 0 Beginning Balance 0 41,000 Ending Balance 41,000 Ending Balance Cost of goods sold Rent expense Beginning Balance 0 Beginning Balance 0 Ending Balance Ending Balance Depreciation expense Beginning Balance