At the beginning of Year 2, Oak Consulting had the following normal balances in its accounts: Account Cash Accounts receivable Accounts payable Common stock Retained earnings Balance $ 28,600 21,100 13,600 22,000 14,100 The following events apply to Oak Consulting for Year 2: 1. Provided $69,200 of services on account. 2. Incurred $3,400 of operating expenses on account. 3. Collected $49,500 of accounts receivable. 4. Paid $35,700 cash for salaries expense. 5. Paid $15,300 cash as a partial payment on accounts payable. 6. Paid a $9,500 cash dividend to the stockholders. e. What is the amount of change in retained earnings for the year? Change in retained earnings 34,600 A

At the beginning of Year 2, Oak Consulting had the following normal balances in its accounts: The following events apply to Oak Consulting for Year 2 : 1. Provided $69,200 of services on account. 2. Incurred $3,400 of operating expenses on account. 3. Collected $49,500 of accounts recelvable. 4. Paid $35,700 cash for salaries expense. 5. Paid $15,300 cash as a partial payment on accounts payable. 6. Paid a $9,500 cash dividend to the stockholders. e. What is the amount of change in retained earnings for the year