A company buys $250 of new equipment, funded entirely with a loan. At the moment of purchase, before anything else happens, how are the three statements affected?

• Net income falls $250 right away as the equipment is expensed, though the loan-funded cash still nets to zero
• Revenue rises $250 as the new equipment is brought into service, while cash stays flat because it was loan-funded
• Cash rises $250 from the loan while PP&E also rises $250, leaving total assets up by $500 at purchase
• No income statement impact; PP&E +$250 and debt +$250 on the balance sheet, with cash netting to zero
• Equity rises $250, since the newly acquired equipment adds to the company's ownership value on the balance sheet