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 $28,300 22,600 11,600 28,400 10,900 The following events apply to Oak Consulting for Year 2 1. Provided $65,100 of services on account. 2. Incurred $3,100 of operating expenses on account. 3. Collected $48,500 of accounts receivable. 4. Paid $32,500 cash for salaries expense. 5. Paid $13,230 cash as a partial payment on accounts payable. 6. Paid a $9,500 cash dividend to the stockholders. ces d-1. Record the closing entries in the general journal (and post them to the T-accounts). d-2. What is the amount of net income for the year?