X Company, a merchandising company, had the following transactions during the year: 1. Received $8,597 from new owners. 2. Purchased $8,456 worth of merchandise on account from suppliers. 3. Sold merchandise on account to customers for $10,908; the merchandise cost X Company $6,545. 4. Paid $3,867 to suppliers for merchandise that X Company had previously purchased on account. 5. Collected $3,792 from customers who had previously purchased merchandise on account. 6. Bought equipment for $9,930 with a down payment of $5,265 and a $4,665 loan from the bank. 7. Paid wages of $1,120. 8. Recognized the expiration of $596 of prepaid rent. If total equities at the beginning of the year were $12,755, what were total equities at the end of the year? A: $15,167 B: $17,746 C: $20,762 D: $24,292 E: $28,422 F: $33,253