hello ! i need to answerd the select areas n my mind is block rn

C The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale warehouse. 1. Issued 39,000 shares of common stock in exchange for $390,000 in cash 2. Purchased equipment at a cost of $58,000.919,000 cash was paid and a note payable to tho seller was signed for the balance owed. 3. Purchased inventory on account at a cost of $108,000. The company uses the perpetual inventory system. 4. Credit sales for the month totaled $129,000. The cost of the goods sold was $70,000. 5. Pald $5,900 in rent on the warehouse building for the month of March 6. Paid $6,900 to an insurance company for fire and liability insurance for a one-year period beginning April 1, 2021. 7. Paid $79,000 on account for the merchandise purchased in 3. B. Collected $64,000 from customers on account. 9. Recorded depreciation expense of $1,900 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 $49,000. Complete this question by entering your answers in the tabs below. Hw 2, Ch 4 Seved 3 Required 1 Required 2 Analyze each transaction by indicating the cash effect and classify each as a financing, investing, and/or operating activ transaction can represent more than one type of activity). (Amounts to be deducted should be indicated with a minus there is no cash effect, lell blank.) 10 points Operating nvesting Financing 390.000 1. 2. eBook 3 References 5. 6. 7 8 (5,900) (6.900 (79,000) 64.000 9. (1 800) 5 390.000 - 0 $ Required 2 > $ (27,800) Net cash flows from operating activities Cash flows from investing activities: Purchase of equipment (19,000) (19,000) Net cash flows from investing activities Cash flows from financing activities: Issuance of common stock 390,000 es Net cash flows from financing activities Net increase in cash Cash and cash equivalents, March 1 Cash and cash equivalents, March 31 390,000 343,200 49,000 392 200 S Noncash investing and financing activities: Cost of equipment Cash paid Note issued $ 0