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 $ 29,300 17,300 12,900 20,500 13,200 The following events apply to Oak Consulting for Year 2: 1. Provided $73,800 of services on account 2. Incurred $2,500 of operating expenses on account. 3. Collected $47,300 of accounts receivable. 4. Paid $33,500 cash for salaries expense. 5. Paid $13.860 cash as a partial payment on accounts payable, 6. Paid a $9,100 cash dividend to the stockholders. f. Prepare a post-closing trial balance. OAK CONSULTING Post-Closing Trial Balance As of December 31. Year 2 Account Titles Debit Credit The following events apply to Oak Consulting for Year 2 1. Provided $73,800 of services on account 2. Incurred $2,500 of operating expenses on account 3. Collected $47,300 of accounts receivable. 4. Paid $33,500 cash for salaries expense. 5. Paid $13,860 cash as a partial payment on accounts payable. 6. Paid a $9,100 cash dividend to the stockholders. f. Prepare a post-closing trial balance. Credit OAK CONSULTING Post-Closing Trial Balance As of December 31, Year 2 Account Titles Debit Retained earnings Dividends Service revenue Operating expenses Retained earnings Totals $ 73,800 $ 0