Timer Notes Evaluate X Company, a merchandising company, had the following transactions during the year 1. Received $8,312 from new owners. 2. Purchased $8,906 worth of merchandise on account from suppliers. 3. Sold merchandise on account to customers for $11,587, the merchandise cost X Company $9,270. 4. Paid $3,132 to suppliers for merchandise that X Company had previously purchased on account. 5. Collected $3,446 from customers who had previously purchased merchandise on account. 6. Bought equipment for $9,947 with a down payment of $5,244 and a $4,703 loan from the bank. 7. Paid wages of $1,137 8. Recognized the expiration of $523 of prepaid rent If total equities at the beginning of the year were $13,869, what were total equities at the end of the year? OA: $17,779 B: $20,801 OC: $24,337 OD: $28,475 Submit Answer Tries 0/99 E: $33,315 OF: $38,979