Question 4 7 pts At the beginning of the year, a company had owners' equity of $54,660. During the year, net income was $7,350 and the company paid dividends of $3,500. The company also repurchased $4,000 in equity. What was the owners' equity account at the end of the year? O $54,510 $55,300 $58,510 $62,510 $53,850 Question 5 7 pts A company has $1,000 in inventory, $500 in accounts payable, $4,000 in net fixed assets, $600 in accounts receivable, $200 in cash, $900 in long-term debt, and $5,000 in equity. What are the company's total assets? $10,000 $12,200 $5,700 $6,300 $5,800