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Compute the following items for the statement of cash flows: a. Beginning and ending Plant Assets, Net, are $162,500 and $149,500, respectively. Depreciation for the
Compute the following items for the statement of cash flows: a. Beginning and ending Plant Assets, Net, are $162,500 and $149,500, respectively. Depreciation for the period was $24,700, and purchases of new plant assets were $58,500. Plant assets were sold at a $13,000 gain. What were the cash proceeds of the sale? b. Beginning and ending Retained Earnings are $57,200 and $89,700, respectively. Net income for the period was $79,300, and stock dividends were $13,000. How much were cash dividends? Requirement a. Beginning and ending Plant Assets, Net, are $162,500 and $149,500, respectively. Depreciation for the period was $24,700, and purchases of new plant assets were $58,500. Plant assets were sold at a $13,000 gain. What were the cash proceeds of the sale? Cash proceeds from the sale is $0 Requirement b. Beginning and ending Retained Earnings are $57,200 and $89,700, respectively. Net income for the period was $79,300, and stock dividends were $13,000. How much were cash dividends? Cash dividends are $
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