At the beginning of Year 2 Oak Consulting had the following normal balances in its accounts: Account Cash Accounts receivable Accounts payable Connon stock Retained earnings Balance $ 27,5ee 15,3ee 12,5ee 18,900 11,400 The following events apply to Oak Consulting for Year 2: 1. Provided $69.000 of services on account. 2 Incurred $3,200 of operating expenses on account. 3. Collected $45,700 of accounts receivable. 4. Paid $31.000 cash for salaries expense. 5. Paid $14.130 cash as a partial payment on accounts payable. 6. Paid a $8,200 cash dividend to the stockholders. 9-1. Record the closing entries in the general Journal (and post them to the T-accounts in Part b). (If no entry is required for a ransaction/event, select "No journal entry required" in the first account field.) View transaction Mat Journal entry worksheet . B o Record the closure of service revenue. Note: Enter debits before credits Event General Journal Debit Credit 1 Record entry Clear entry View general Journal 1-2 What is the amount of net Income for the year? Net income