At the beginning of Year 1, Oak Consulting had the following normal balances in its accounts:

Account	Balance
Cash	$	29,200
Accounts receivable		16,400
Accounts payable		12,200
Common stock		20,200
Retained earnings		13,200

The following events apply to Oak Consulting for Year 1:

1. Provided $74,500 of services on account.
2. Incurred $3,000 of operating expenses on account.
3. Collected $50,000 of accounts receivable.
4. Paid $36,000 cash for salaries expense.
5. Paid $13,680 cash as a partial payment on accounts payable.
6. Paid a $8,600 cash dividend to the stockholders.

e. What is the amount of change in retained earnings for the year?

Change in retained earnings