At the beginning of Year 2, Oak Consulting had the following normal balances in its accounts:

Account	Balance
Cash	$	32,700
Accounts receivable		20,600
Accounts payable		11,600
Common stock		27,700
Retained earnings		14,000

The following events apply to Oak Consulting for Year 2:

Provided $74,900 of services on account.

Incurred $3,300 of operating expenses on account.

Collected $48,800 of accounts receivable.

Paid $39,500 cash for salaries expense.

Paid $13,410 cash as a partial payment on accounts payable.

Paid a $8,800 cash dividend to the stockholders.

b & d. Post the beginning balances and the transactions from Parts a and d to the appropriate accounts.

d-1. Record the closing entries in the general journal (and post them to the T-accounts in Part b)

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