X Company, a merchandising company, had the following transactions during the year:

1. Received $8,109 in cash contributions from the owners. 2. Purchased $8,771 worth of merchandise on account from suppliers. 3. Sold merchandise on account to customers for $10,582; the merchandise cost X Company $7,407. 4. Paid $3,026 to suppliers for merchandise that X Company had previously purchased on account. 5. Collected $3,796 from customers who had previously purchased merchandise on account. 6. Bought equipment for $9,871 with a down payment of $5,154 and a $4,717 loan from the bank. 7. Paid wages of $1,017. 8. Recognized the expiration of $507 of prepaid rent.

If total equities at the beginning of the year were $10,742, what were total equities at the end of the year?