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The following transactions occurred during March 2018 for theWainwright Corporation. The company owns and operates a wholesalewarehouse. Issued 31,000 shares of common stock in exchange for$310,000 in cash. Purchased equipment at a cost of $41,000. $10,500cash was paid and a note payable was signed for the balance owed.Purchased inventory on account at a cost of $80,000. The companyuses the perpetual inventory system. Credit sales for the monthtotaled $125,000. The cost of the goods sold was $71,000. Paid$5,100 in rent on the warehouse building for the month of March.Paid $6,100 to an insurance company for fire and liabilityinsurance for a one-year period beginning April 1, 2018. Paid$71,000 on account for the merchandise purchased in 3. Collected$56,000 from customers on account. Recorded depreciation expense of$1,100 for the month on the equipment. Post the above transactionsto the below T-accounts. Assume that the opening balances in eachof the accounts is zero. Prepare a trial balance from the endingaccount balances.