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	Balance
Cash	$	34,900
Accounts receivable		15,600
Accounts payable		10,500
Common stock		28,100
Retained earnings		11,900

The following events apply to Oak Consulting for Year 2:

1. Provided $66,100 of services on account.
2. Incurred $3,000 of operating expenses on account.
3. Collected $46,700 of accounts receivable.
4. Paid $38,400 cash for salaries expense.
5. Paid $12,150 cash as a partial payment on accounts payable.
6. Paid a $9,200 cash dividend to the stockholders.

Exercise 3-22A Part e

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