X Company, a merchandising company, had the following transactions during the year: 1. Received $8,892 from new owners. 2. Purchased $8,925 worth of merchandise on account from suppliers. 3. Sold merchandise on account to customers for $11,800; the merchandise cost X Company $8,260. 4. Paid $3,798 to suppliers for merchandise that X Company had previously purchased on account. 5. Collected $3,669 from customers who had previously purchased merchandise on account. 6. Bought equipment for $10,029 with a down payment of $5,898 and a $4,131 loan from the bank. 7. Paid wages of $1,119. 8. Recognized the expiration of $517 of prepaid rent. If total equities at the beginning of the year were $11,445, what were total equities at the end of the year? A: $17,096 B: $19,319 C: $21,830 D: $24,668 E: $27,875 F: $31,499 Submit Answer Tries 0/99