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All the information for this problem is given. Requirements 1. How much are cash dividends? 2. What was the amount of the cash receipt from

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All the information for this problem is given.

Requirements 1. How much are cash dividends? 2. What was the amount of the cash receipt from the sale of plant assets? i More Info a. Beginning and ending Retained Earnings are $45,000 and $70,000, respectively. Net income for the period is $60,000. b. Beginning and ending Plant Assets are $124,500 and $134,500, respectively. c. Beginning and endi Accumulated DepreciationPlant Assets are $21,500 and $26,500, respectively. d. Depreciation Expense for the period is $17,000, and acquisitions of new plant assets total $29,000. Plant assets were sold at a $5,000 gain. Print Done

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