Required information Exercise 3-22A 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: Account Cash Accounts receivable Accounts payable Common stock Retained earnings Balance $ 26,600 18,700 12,900 18,400 14,000 The following events apply to Oak Consulting for Year 2: 1. Provided $71,600 of services on account 2. Incurred $3,300 of operating expenses on account. 3. Collected $50,700 of accounts receivable. 4. Paid $37,600 cash for salaries expense. 5. Paid $14,580 cash as a partial payment on accounts payable. 6. Paid a $8,100 cash dividend to the stockholders. Exercise 3-22A Parte e. What is the amount of change in retained earnings for the year? Change in retained earnings