X Company, a merchandising company, had the following transactions during the year: 1. Received $8,365 from new owners. 2. Purchased $8,360 worth of merchandise on account from suppliers. 3. Sold merchandise on account to customers for $10,480; the merchandise cost X Company $6,288. 4. Paid $3,314 to suppliers for merchandise that X Company had previously purchased on account. 5. Collected $3,966 from customers who had previously purchased merchandise on account. 6. Bought equipment for $9,889 with a down payment of $5,579 and a $4,310 loan from the bank. 7. Paid wages of $1,085. 8. Recognized the expiration of $539 of prepaid rent. If total assets at the beginning of the year were $11,710, what were total assets at the end of the year