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

1. Received $8,262 from new owners. 2. Purchased $8,045 worth of merchandise on account from suppliers. 3. Sold merchandise on account to customers for $10,392; the merchandise cost X Company $7,274. 4. Paid $3,942 to suppliers for merchandise that X Company had previously purchased on account. 5. Collected $3,902 from customers who had previously purchased merchandise on account. 6. Bought equipment for $10,296 with a down payment of $5,897 and a $4,399 loan from the bank. 7. Paid wages of $1,059. 8. Recognized the expiration of $552 of prepaid rent.

If total equities at the beginning of the year were $10,570, what were total equities at the end of the year?