The following transactions occurred during March 2024 for the Wainwright Corporation. The company owns and operates a wholesale warehouse 1. Issued 44,000 shares of common stock in exchange for $440,000 in cash. 2. Purchased equipment at a cost of $68,000 $24,000 cash was paid and a note payable to the seller was signed for the balance owed 3. Purchased Inventory on account at a cost of $118,000 The company uses the perpetual inventory system 4. Credit sales for the month totaled $134,000 The cost of the goods sold was $84,000 5. Paid $6,400 in rent on the warehouse building for the month of March 6. Paid $7.400 to an insurance company for fire and liabety insurance for a one-year period beginning April 1, 2024 7. Paid $84,000 on account for the merchandise purchased in 3. 8. Collected $69,000 from customers on account 9 Recorded depreciation expense of $2,400 for the month on the equipment. Required: 1. Analyze each transaction by indicating the cash effect and classify each as a financing, investing, and/or operating activity (a transaction can represent more than one type of activity) 2. Prepare a statement of cash flows, using the direct method to present cash flows from operating activities. Assume the cash balance at the beginning of the month was $54.000 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Analyze each transaction by indicating the cash effect and classify each as a financing, Investing, and/or operating activity (a transaction can represent more than one type of activity). Note: Amounts to be deducted should be indicated with a minus sign. If there is no cash effect, leave cell blank Operating 1 2 4 Investing Financing