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

Account	Balance
Cash	$	33,000
Accounts receivable		20,800
Accounts payable		12,900
Common stock		27,900
Retained earnings		13,000

The following events apply to Oak Consulting for Year 2:

1. Provided $73,300 of services on account.
2. Incurred $3,000 of operating expenses on account.
3. Collected $49,100 of accounts receivable.
4. Paid $30,100 cash for salaries expense.
5. Paid $14,310 cash as a partial payment on accounts payable.
6. Paid a $8,500 cash dividend to the stockholders.

a. Record these events in a general journal.

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

c. Show the beginning balances and the events in a horizontal statements model such as the following one: (In the Statement of Cash Flows column, use the initials "OA" for operating activities, "FA" for financing activities and "NC" for net change in cash. Select "NA" wherever required. Enter any decreases to account balance and cash outflows with a minus sign.)

d-1. Record the closing entries in the general journal.

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

f. Prepare a post-closing trial balance.