At the beginning of the year, Vendors, Incorporated, had owners' equity of $49,655. During the year, net income was $5,975 and the company paid dividends of $4,155. The company also repurchased $8,205 in equity. What was the owners' equity account at the end of the year?

At the beginning of the year, Vendors, Incorporated, had owners' equity of $49,655. During the year, net income was $5,975 and the company paid dividends of $4,155. The company also repurchased $8,205 in equity. What was the owners' equity account at the end of the year? Multiple Choice $35,475 $41,450 $37,295 $43,270 $47,730