The following transactions occurred during March 2024 for the Wainwright Corporation. The company owns and op a wholesale warehouse. 1. Issued 43,000 shares of common stock in exchange for $430,000 in cash. 2. Purchased equipment at a cost of $66,000. $23,000 cash was paid and a note payable to the seller was signe the balance owed. 3. Purchased inventory on account at a cost of $116,000. The company uses the perpetual inventory system. 4. Credit sales for the month totaled $133,000. The cost of the goods sold was $83,000. 5. Paid $6,300 in rent on the warehouse building for the month of March. 6. Paid $7,300 to an insurance company for fire and liability insurance for a one-year period beginning April 1, 202 7. Paid $83,000 on account for the merchandise purchased in 3. 8. Collected $68,000 from customers on account. 9. Recorded depreciation expense of $2,300 for the month on the equipment.