Evaluate each of the following transactions in terms of their effect on assets, liabilities, and equity.

1. Receive payment of $12,000 owed by a customer 2. Purchase equipment for $45,000 in cash 3. Issue $85,000 in stock 4. Borrow $67,000 from a bank 5. Buy $17,000 worth of manufacturing supplies on credit 6. Pay $7,000 owed to a supplier 7. Receive payment of $11,000 owed by a customer

What is the net change in Total Liabilities & Equity?