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At the beginning of Year $2,$ Oak Consulting had the following normal balances in its accounts:

Account Balance

Cash $ $27,600$

Accounts receivable $18,300$

Accounts payable $13,900$

Common stock $20,300$

Retained earnings $11,700$

The following events apply to Oak Consulting for Year $2$:

Provided $$69,700$ of services on account.

Incurred $$2,500$ of operating expenses on account.

Collected $$50,200$ of accounts receivable.

Paid $$38,900$ cash for salaries expense.

Paid $$14,760$ cash as a partial payment on accounts payable.

Paid a $$8,300$ cash dividend to the stockholders.