Required information 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 $ 25,9060 20,700 10,600 23,500 12,500 The following events apply to Oak Consulting for Year 2: 1. Provided $69,000 of services on account 2. Incurred $3,500 of operating expenses on account. 3. Collected $48,000 of accounts receivable 4. Paid $38,600 cash for salaries expense 5. Paid $12,690 cash as a partial payment on accounts payable 6. Paid a $9,100 cash dividend to the stockholders Required Record these events in a general journal. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) d-1. Record the closing entries in the general journal. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the closure of service revenue. Note: Enter debits before credits. Event General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet Record the closure of expenses account. Note: Enter debits before credits. Event General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet Record the payment of dividends. Note: Enter debits before credits. Event General Journal Debit Credit Record entry Clear entry View general journal d-2. What is the amount of net income for the year? Net income