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 $32,300 17,600 13,500 23,100 13,380 The following events apply to Oak Consulting for Year 2: 1. Provided $74,600 of services on account 2. Incurred $2,600 of operating expenses on account 3. Collected $51.000 of accounts receivable 4. Pald $37100 cash for salaries expense 5. Pald $14.490 cash as a partial payment on acounts payable 6. Pald a $10,000 cash dividend to the stockholders. d-1. Record the closing entries in the general journal and post them to the accounts d-2. What is the amount of net income for the year