Consider the following facts for Coffee Cup (Click the icon to view the facts.) Requirements 1. How much are cash dividends? 2. What was the amount of the cash receipt from the sale of plant assets? Requirement 1. How much are cash dividends? Cash dividends are 37000 Requirement 2. What was the amount of the cash receipt from the sale of plant assets? The cash receipt from the sale plant assets is More Info a. Beginning and ending Retained Earnings are $45,000 and $68,000 respectively. Net income for the period is $60,000 b. Beginning and ending Plant Assets are $121,500 and $128,500, respectively c. Beginning and ending Accumulated Depreciation Plant Assets are $21,500 and $23,500, respectively d. Depreciation Expense for the period is $17,000, and acquisitions of new plant assets total $23,000 Plant assets were sold at a $5,000 gain