The owners' equity for The Buck Store was $58,900 at the beginning of the year. During the year, the company had aftertax income of $34,200, of which $2,200 was paid in dividends. Also during the year, the company repurchased $6,500 of stock from one of the shareholders. What is the value of the owners' equity at year end?

A. $54,500

B. $56,700

C. $82,200

D. $84,400

E. $90,900

Please show the explanation, thanks.