ABC begins its business on January $1,2022.$ The owner invests $$5,000$ in cash and $$5,000$ of equipment into the business. ABC borrows $$5,000$ from the bank. ABC purchases $$6,000$ of equipment, paying cash for it$.$ ABC provides consulting services to its customers, receiving $$4,000$ in cash and being owed another $$8,000.$ ABC purchases $$1,000$ in various supplies from a vendor, promising to pay for those supplies in the future. ABC paid $$3,000$ cash for the current month rent and another $$2,000$ for utilities.

$1.$ As a result of the events from the month, what is the equity balance at the end of the period for ABC?

$2.$ As a result of the events from the month, what is the Liabilities PLUS Equity balance at the end of the period for ABC?