X Company, a merchandising company, had the following transactions during the year: 1. Received $8,545 from new owners. 2. Purchased $8,553 worth of merchandise on account from suppliers. 3. Sold merchandise on account to customers for $10,100; the merchandise cost X Company $8,080. 4. Paid $3,941 to suppliers for merchandise that X Company had previously purchased on account. 5. Collected $3,720 from customers who had previously purchased merchandise on account 6. Bought equipment for $9,905 with a down payment of $5,499 and a $4,406 loan from the bank. 7. Paid wages of $1,026. 8. Recognized the expiration of $515 of prepaid rent. if total equities at the beginning of the year were $14,534, what were total equities at the end of the year