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a. Consider the following facts for Tea Time: Beginning and ending Retained Earnings are $48,000 and $69,000, respectively. Net income for the period is $59,000.

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a. Consider the following facts for Tea Time: Beginning and ending Retained Earnings are $48,000 and $69,000, respectively. Net income for the period is $59,000. b. Beginning and ending Plant Assets are $123,700 and $134,700, respectively, Beginning and ending Accumulated Depreciation-Plant Assets are $19,700 and $26,700, respectively. d. Depreciation Expense for the period is $18,000 and acquisitions of new plant assets total $25,000. Plant assets were sold at a $4.000 gain Requirements 1. How much are cash dividends? c. Requirement 1. How much are cash dividends? Cash dividends are $

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