At the start of the year, a company's capital contributed by owners and retained earnings accounts had balances of $10,000 and $6,000, respectively. During the year, the following events took place:
| Net income earned | $4,000 |
| Interest paid on debt | $500 |
| Repayment of long-term debt | $1,000 |
| Proceeds from shares issued | $1,000 |
| Dividends paid | $600 |
The end-of-year owners' equity is closest to:
