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 $ 34,900 22,200 19,700 34,200 12,200 The following events apply to Oak Consulting for Year 2: 1. Provided $73,400 of services on account. 2. Incurred $2,500 of operating expenses on account. 3. Collected $49,400 of accounts receivable. 4. Paid $35.400 cash for salaries expense. 5. Paid $11,880 cash as a partial payment on accounts payable. 6. Paid a $8,300 cash dividend to the stockholders. The following events apply to Oak Consulting for Year 2: 1. Provided $73,400 of services on account. 2. Incurred $2,500 of operating expenses on account. 3. Collected $49,400 of accounts receivable. 4. Paid $35,400 cash for salaries expense. 5. Paid $11,880 cash as a partial payment on accounts payable. 6. Paid a $8,300 cash dividend to the stockholders. e. What is the amount of change in retained earnings for the year? Change in retained earnings