k ht nces At the beginning of Year 2, Oak Consulting had the following normal balances in its accounts. Balance $32,900 15,800 11,000 23,000 14,700 Account Cash Accounts receivable Accounts payable Common stock Retained earnings The following events apply to Oak Consulting for Year 2: 1. Provided $71,500 of services on account. 2. Incurred $3,300 of operating expenses on account. 3. Collected $48,800 of accounts receivable. 4. Paid $37,500 cash for salaries expense. 5. Paid $12,870 cash as a partial payment on accounts payable. 6. Paid a $8,300 cash dividend to the stockholders.

The following events apply to Oak Consulting for Year 2: 1. Provided $71,500 of services on account. 2. Incurred $3,300 of operating expenses on account. 3. Collected $48,800 of accounts recelvable. 4. Paid $37,500 cash for salaries expense. 5. Paid $12,870 cash as a partial payment on accounts payable. 6. Paid a $8,300 cash dividend to the stockholders. The following events apply to Oak Consulting for Year 2: 1. Provided $71,500 of services on account. 2. Incurred $3,300 of operating expenses on account. 3. Collected $48,800 of accounts recelvable. 4. Paid $37,500 cash for salaries expense. 5. Paid $12,870 cash as a partial payment on accounts payable. 6. Paid a $8,300 cash dividend to the stockholders