X Company, a merchandising company, had the following transactions during the year: 1. Received $8,195 from new owners. 2. Purchased $8,905 worth of merchandise on account from suppliers. 3. Sold merchandise on account to customers for $11,338; the merchandise cost X Company $6,803. 4. Paid $3,878 to suppliers for merchandise that X Company had previously purchased on account. 5. Collected $3,803 from customers who had previously purchased merchandise on account. 6. Bought equipment for $9,429 with a down payment of $5,194 and a $4,235 loan from the bank. 7. Paid wages of $1,145. 8. Recognized the expiration of $550 of prepaid rent. If total equities at the beginning of the year were $10,132, what were total equities at the end of the year? A: $14,473 B: $20,986 C: $30,429 D: $44,122 E: $63,977 F: $92,767