X Company, a merchandising company, had the following transactions during 2020: Received $8,636 from new owners. Purchased $8,632 worth of merchandise on account from suppliers. Sold merchandise on account to customers for $11,513; the merchandise cost X Company $8,059. Paid $3,204 to suppliers for merchandise that X Company had previously purchased on account. Collected $3,813 from customers who had previously purchased merchandise on account. Bought equipment for $10,200 with a down payment of $5,766 and a $4,434 loan from the bank. Paid wages of $1,099. Recognized the expiration of $572 of prepaid rent. 8. If total assets at the beginning of 2020 were $13,141, what were total assets at the end of 2020? F: A: B: Oc: D: E: $10,952 $13,690 $17,112 $21,390 $26,738 $33,422 Submit Answer Tries 0/99 9. If total liabilities at the beginning of 2020 were $3,584, what were total liabilities at the end of 2020? A: B: c: D: E: F: $5,715 $7,601 $10,110 $13,446 $17,883 $23,785 Submit Answer Tries 0/99 10. What was Net Income in 2020? Oc: 0 A: B: $1,783 $2,086 $2,441 Submit Answer Tries 0/99 E: F: $3,341 $3,909 $2,856