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 Balance Cash Accounts receivable. Accounts payable Common stock Retained earnings $27,800 20,100 10,100 23,800 14,000 The following events apply to Oak Consulting for Year 2: 1. Provided $74,700 of services on account. 2. Incurred $2,900 of operating expenses on account. 3. Collected $46,100 of accounts receivable. 4. Paid $39,600 cash for salaries expense. 5. Paid $11,700 cash as a partial payment on accounts payable. 6. Paid a $9,200 cash dividend to the stockholders.