Compute the following items for the statement of cash flows:

a. Beginning and ending Plant Assets, Net, are $103,000 and $107,000, respectively. Depreciation for the period was $21,500, and purchases of new plant assets were $27,000. Plant assets were sold at a $1,000 loss. What were the cash proceeds of the sale?

b. Beginning and ending Retained Earnings are $45,000 and $73,000, respectively. Net income for the period was $47,000, and stock dividends were $8,000. How much were cash dividends?