s 6 and 7 refer to the following information The following balance sheet is for X Company: Assets Cash Accounts Receivable. Inventory Prepaid Rent Equipment Total Assets Balance Sheet January 1, 2021 Equities $83,417 13,642 Accounts Payable Wages Payable 155,516 Notes Payable 6,194 Paid-In Capital 314,988 $573,757 Retained Earnings Total Equities The following summary transactions occurred during 2021: paid $87,914 to suppliers for merchandise previously purchased on account- purchased $294,128 of merchandise on account and $180,272 for cash sold merchandise for $431,209 on account and $275,691 for cash; the merchandise cost $367,588 paid $5,039 for land and equipment received $236,376 from customers for merchandise previously sold on account Note: For the questions below, ignore adjusting entries on December 31, 2021. 6. What were total equities on December 31, 20217 OA: $367,144 OB: $532,358 OC: $771,919 OD: $1,119,283 OE: $1,622,960 OF: $2,353,293 $249,086 1,232 30,915 227,083 65,441 $573,757 6. What were total equities on December 31, 2021? OA: $367,144 OB: $532,358 OC: $771,919 OD: $1,119,283 OE: $1,622,960 OF: $2,353,293 Submit Answer Tries 0/99 7. What was total owners' equity on December 31, 2021? A: $201,929 B: $268,565 C: $357,191 D: $475,065 E: $631,836 F: $840,342