On January $1,2019,$ Sharon Matthews established Tri$-$City Realty, which completed the following transactions during the month:

Jan. $1$ Sharon Matthews transferred cash from a personal bank account to an account to be used for the business, $$30,000.$

$2$ Paid rent on office and equipment for the month, $$2,450.$

$3$ Purchased supplies on account, $$2,200.$

$4$ Paid creditor on account, $$850.$ Amount of net income for January.

$5$ Earned fees, receiving cash, $$14,940.$

$6$ Paid automobile expenses $($including rental charge$)$ for month, $$1,580,$ and miscellaneous expenses, $$470.$

$7$ Paid office salaries, $$2,000.$

$8$ Determined that the cost of supplies used was $$1,100.$

$9$ Withdrew cash for personal use, $$3,200.$

Amount of net income for January. $$7,340$ Determine the increase or decrease in owner$$s equity for January.