At the beginning of the year, Vendors, Incorporated, had owners' equity of $49,070. During the year, net income was $5,450 and the company paid dividends of $3,870. The company also repurchased $7,770 in equity. What was the owners' equity account at the end of the year?
Multiple Choice
$35,850
$41,300
$42,880
$37,430
$47,520