X Company, a merchandiser, prepares annual financial statements. During the year, the company had the following transactions:

1. Bought $8,728 of merchandise, $3,725 for cash and $5,003 on account.
2. Bought equipment costing $9,954, paying cash of $5,360, and borrowing $4,594 from the bank.
3. Sold merchandise for $11,689, of which $7,508 was for cash; cost of the merchandise was $8,182.
4. Paid $3,168 to suppliers for merchandise previously bought on account.
5. Collected $2,915 from customers on account.
6. Paid wages of $5,550.
7. Prepaid rent of $574.

If total equities at the beginning of the year were $12,783, what were total equities at the end of the year?