At the beginning of the year, Vendors, Inc., had owners' equity of $48,485. During the year, net income was $4,925 and the company paid dividends of $3,585. The company also repurchased $7,335 in equity. What was the owners' equity account at the end of the year?

• $47,310

• $41,150

• $37,565

• $42,490

• $36,225