At the beginning of the year, Vendors, Inc., had owners' equity of $50,240. During the year, net income was $6,500 and the company paid dividends of $4,440. The company also repurchased $8,640 in equity. What was the owners' equity account at the end of the year?

• $35,100

• $41,600

• $47,940

• $37,160

• $43,660