The following transactions occurred during March 2024 for the Right Corporation. The company operates a wholesale warehouse.

Issued 42,000 shares of no-par common stock in exchange for $420,000 in cash.

Purchased equipment at a cost of $64,000. Cash of $16,000 was paid and a note payable to the seller was signed for the balance owed.

Purchased inventory on account at a cost of $128,000. The company uses the perpetual inventory system.

Credit sales for the month totaled $180,000. The cost of the goods sold was $108,000.

Paid $5,750 in rent on the warehouse building for the month of March.

Paid $6,700 to an insurance company for fire and liability insurance for a one-year period beginning April 1, 2024.

Paid $108,000 on account for the inventory purchased in transaction 3.

Collected $81,000 from customers on account.

Recorded depreciation expense of $1,600 for the month on the equipment.

Required:

Analyze each transaction and show the effect of each on the expanded accounting equation for a corporation.

Note: Amounts to be deducted should be indicated by a minus sign. Enter the net change on the accounting equation.