The following transactions occurred during March 2024 for the Right Corporation. The company operates a wholesale warehouse. 1. Issued 36,000 shares of no-par common stock in exchange for $360,000 in cash. 2. Purchased equipment at a cost of $46,000. Cash of $13,000 was paid and a note payable to the seller was signed for the balance owed. 3. Purchased inventory on account at a cost of $90,000. The company uses the perpetual inventory system. 4. Credit sales for the month totaled $150,000. The cost of the goods sold was $76,000. 5. Paid $5,600 in rent on the warehouse building for the month of March. 6. Paid $6,600 to an insurance company for fire and liability insurance for a one-year period beginning April 1, 2024. 7. Paid $76,000 on account for the inventory purchased in transaction 3. 8. Collected $61,000 from customers on account. 9. Recorded depreciation expense of $1,600 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. Cash Accounts receivable Beginning Balance 0 Beginning Balance Ending Balance Ending Balance Inventory Prepaid insurance Beginning Balance 0 Beginning Balance Ending Balance Ending Balance Equipment Accumulated depreciation 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 Beginning Balance 0 Beginning Balance 0 Ending Balance Ending Balance Cost of goods sold Rent expense Beginning Balance 0 Beginning Balance 0 Ending Balance Ending Balance Depreciation expense Beginning Balance 0 Ending Balance T Accounts Trial Balance Prepare a trial balance from the ending account balances. Trial Balance Account Title Debits Credits 0 0 Totals