Exercise 3-22A (Algo) Recording events in the general journal, posting to T-accounts, and preparing closing entries LO 3-1, 3-2, 3-3, 3-4 [The following information applies to the questions displayed below.] 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 $65,700 of services on account. 2. Incurred $2,800 of operating expenses on account. 3. Collected $45,300 of accounts receivable. 4. Paid $40,000 cash for salaries expense. 5. Paid $11,790 cash as a partial payment on accounts payable. 6. Paid a $9,700 cash dividend to the stockholders. Exercise 3-22A (Algo) Part e e. What is the amount of change in retained earnings for the year