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

1. Received $8,026 from new owners. 2. Purchased $8,969 worth of merchandise on account from suppliers. 3. Sold merchandise on account to customers for $10,886; the merchandise cost X Company $8,709. 4. Paid $3,606 to suppliers for merchandise that X Company had previously purchased on account. 5. Collected $3,851 from customers who had previously purchased merchandise on account. 6. Bought equipment for $10,082 with a down payment of $5,298 and a $4,784 loan from the bank. 7. Paid wages of $1,094. 8. Recognized the expiration of $535 of prepaid rent.

If total assets at the beginning of the year were $14,073, what were total assets at the end of the year?

A: $26,235

B: $32,794

C: $40,993

D: $51,241

E: $64,051

F: $80,064