Compute the following items for the statement of cash flows: a. Beginning and ending Plant Assets, Net,

Question:

Compute the following items for the statement of cash flows:

a. Beginning and ending Plant Assets, Net, are $\$ 125,000$ and $\$ 115,000$, respectively. Depreciation for the period was $\$ 9,000$, and purchases of new plant assets were $\$ 45,000$. Plant assets were sold at a $\$ 10,000$ gain. What were the cash proceeds of the sale?

b. Beginning and ending Retained Earnings are $\$ 44,000$ and $\$ 69,000$, respectively. Net income for the period was $\$ 61,000$, and stock dividends were $\$ 10,000$. How much were cash dividends?

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