A company has the following transactions in the month of January 2023:

• Issued 10,000 shares of common stock at $10 per share
• Purchased office equipment for $20,000 with a $5,000 down payment and a $15,000 loan
• Paid $5,000 in salaries
• Collected $12,000 in accounts receivable
• Paid $7,000 on the loan for the office equipment

Determine the effect of these transactions on the company's equity.