Business
Business, 18.06.2020 00:57, 20warriorsoul14

At the beginning of Year 1, Oak Consulting had the following normal balances in its accounts:Account: Cash Accounts Accounts Common Retained receivable payable stock earnings Balance: 31,300 15,800 11,600 21,200 14,300The following events apply to Oak Consulting for Year 1:1. Provided $67,800 of services on account2. Incurred $3100 of operating expenses on account3. Collected $47,400 of accounts receivable.4. Paid $37700 cash for salaries expense.5. Paid $13,230 cash as a partial payment on accounts payable.6. Paid a $9,600 cash dividend to the stockholdersWhat is the amount of change in retained earnings for the year?

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