X Company, a merchandising company, had the following transactions during 2021: Received $8,435 from new owners. Purchased $8,444 worth of merchandise on account from suppliers. Sold merchandise on account to customers for $11,847; the merchandise cost X Company $9,478. Paid $3,290 to suppliers for merchandise that X Company had previously purchased on account. Collected $3,377 from customers who had previously purchased merchandise on account. Bought equipment for $9,855 with a down payment of $5,774 and a $4,081 loan from the bank. Paid wages of $1,030. Recognized the expiration of $553 of prepaid rent. 8. If total assets at the beginning of 2021 were $12,757, what were total assets at the end of 2021? OA: $14,846 OB: $21,526 OC: $31,213 OD: $45,259 OE: $65,626 OF: $95,158 Submit Answer Tries 0/99 9. If total liabilities at the beginning of 2021 were $3,919, what were total liabilities at the end of 2021? OA: $10,302 OB: $11,641 OC: $13,154 Submit Answer Tries 0/99 10. What was Net Income in 2021? D: $14,864 DE: $16,796 F: $18,980 OA: $545 OB: $616 OC: $696 OD: $786 OE: $889 OF: $1,004 Submit Answer Tries 0/99