The following transactions occurred during March 2024 for the Right Corporation. The company operates a wholesale warehouse. Issued 44,000 shares of no-par common stock in exchange for $440,000 in cash. Purchased equipment at a cost of $68,000. Cash of $17,000 was paid and a note payable to the seller was signed for the balance owed. Purchased inventory on account at a cost of $134,000. The company uses the perpetual inventory system. Credit sales for the month totaled $190,000. The cost of the goods sold was $114,000. Paid $6,000 in rent on the warehouse building for the month of March. Paid $6,850 to an insurance company for fire and liability insurance for a one-year period beginning April 1, 2024. Paid $114,000