mpany, a merchandising company, nad the following transactions during Received $8,092 from new owners. Purchased $8,771 worth of merchandise on account from suppliers. Sold merchandise on account to customers for $10,547; the merchandise cost X Company $7,383. Paid $3,841 to suppliers for merchandise that X Company had previously purchased on account. Collected $3,841 from customers who had previously purchased merchandise on account. Bought equipment for $9,420 with a down payment of $5,275 and a $4,145 loan from the bank. Paid wages of $1,123. Recognized the expiration of $520 of prepaid rent. 8. If total assets at the beginning of 2020 were $14,564, what were total assets at the end of 2020? E: $58,820 OF: $78,230 A: $18,798 B: $25,002 OC: $33,252 OD: $44,225 * Tries 0/99 9. If total liabilities at the beginning of 2020 were $3,589, what were total liabilities at the end of 2020? A: $2,865 OB: $4,154 OC: $6,023 OD: $8,734 OE: $12,664 OF: $18,363 * Tries 0/99 10. What was Net Income in 2020? A: $1,300 B: $1,521 OC: $1,780 OD: $2,082 OE: $2,436 OF: $2,850