X Company, a merchandising company, had the following transactions during the year: 1. Received $8,272 from new owners. 2. Purchased $8,015 worth of merchandise on account from suppliers. 3. Sold merchandise on account to customers for $10,193; the merchandise cost X Company $6,116. 4. Paid $3,999 to suppliers for merchandise that X Company had previously purchased on account. 5. Collected $3,960 from customers who had previously purchased merchandise on account. 6. Bought equipment for $9,950 with a down payment of $5,671 and a $4,279 loan from the bank. 7. Paid wages of $1,164. 8. Recognized the expiration of $590 of prepaid rent. If total equities at the beginning of the year were $10,113, what were total equities at the end of the year? OA: $13,795 OB: $20,002 OC: $29,003 OD: $42,055 OE: $60,979| OF: $88,420 Submit Answer Tries 0/99