Required information Exercise 13-22A Recording events in the general journal, posting to T-accounts, and preparing closing entries LO 13-1, 13-2, 13-3, 13-4 [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: Account Cash Accounts receivable Accounts payable Common stock Retained earnings Balance $ 27,600 19,500 11,400 25,000 10,700 The following events apply to Oak Consulting for Year 2: 1. Provided $71,400 of services on account. 2. Incurred $3,000 of operating expenses on account. 3. Collected $47,300 of accounts receivable. 4. Paid $38,000 cash for salaries expense. 5. Paid $12,960 cash as a partial payment on accounts payable. 6. Paid a $9,700 cash dividend to the stockholders. Exercise 13-22A Part e e. What is the amount of change in retained earnings for the year? Change in retained earnings