[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 $27,800 23,800 10,500 28,200) 12,900. The following events apply to Oak Consulting for Year 2: 1. Provided $68,600 of services on account. 2. Incurred $3,200 of operating expenses on account. 3. Collected $47,500 of accounts receivable. 4. Paid $32,800 cash for salaries expense. 5. Paid $12,330 cash as a partial payment on accounts payable. 6. Paid a $8,200 cash dividend to the stockholders. Exercise 3-22A (Algo) Part d d-1. Record the closing entries in the general journal (and post them to the T-accounts). d-2. What is the amount of net income for the year?