Consider the following facts for Mug's Best: (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 a. Beginning and ending Retained Earnings are $44,000 and $74,000, respectively. Net income for the period is $60,000. b. Beginning and ending Plant Assets are $119,700 and $131,700, respectively. c. Beginning and ending Accumulated DepreciationPlant Assets are $19,700 and $26,700, respectively. d. Depreciation Expense for the period is $17,000, and acquisitions of new plant assets total $24,000. Plant assets were sold at a $5,000 gain