Comouta the folOWena items tor the statement of cash flows: he beginning and ending Retained earnings balances are $47,000 and $77,000, respectively. Net income for the period is $50,000. How much are cash dividends? The beginning and anding net Fixed assets balances are $122,000 and $109,000, respectivaly Depraciation axpanse for the period is $16,000, and acquisitions of naw fixpd assats total $27,000 Fixod assets wares 1 00 loss What ware t e cash procaeds of the sale? Requirement 1. The baginning and ending Ratained earnings balances are $47,000 and $77,000, respectively Net income the period is $58 000 How much are cach dividende? Select the formula needed to compute th amount and then enter the amounts to calculate the dividends. Beginning retaned earnings Net income. Endng ratained earnings Dridends 47,000 58 000 77.000 s 28.000 Fxed assets balances are $122,000 and 5109,000, respectively. Depreciation expense for the perlod is $16,000, and acquistions of new foed assets total $27,000. Flxed assets were sold at a $1,000 loss. What were the cash proceeds of the sale? Requirement 2. The beginning and ending Select the formula needed to compute this amount and then enter the amounts calculate the cash proceeds from the sale. =Cash from sale of plant assets