Consider the following facts for Tea Time: a. Beginning and ending Retained Earnings are $45,000 and $72,000, respectively. Net income for the period is $63,000. b. Beginning and ending Plant Assets are $123,400 and $130,400, respectively. c. Beginning and ending Accumulated Depreciation-Plant Assets are $22,400 and $24,400, respectively. d. Depreciation Expense for the period is $17,000 and acquisitions of new plant assets total $26,000. Plant assets were sold at a $5,000 gain. Requirements 1. How much are cash dividends? Requirement 1. How much are cash dividends? Cash dividends are $