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

1. Received $8,355 from new owners.

2. Purchased $8,282 worth of merchandise on account from suppliers.

3. Sold merchandise on account to customers for $11,605; the merchandise cost X Company $6,963.

4. Paid $3,334 to suppliers for merchandise that X Company had previously purchased on account.

5. Collected $3,273 from customers who had previously purchased merchandise on account.

6. Bought equipment for $10,045 with a down payment of $5,046 and a $4,999 loan from the bank.

7. Paid wages of $1,179.

8. Recognized the expiration of $570 of prepaid rent.

If total equities at the beginning of the year were $11,216, what were total equities at the end of the year?