E12-22A

(Learning Objectives 3, 4: Compute investing and financing amounts for the statement of cash flows) Compute the following items for the statement of cash flows:

a. Beginning and ending Plant Assets, Net, are $99,000 and $92,000, respectively. Depreciation for the period was $11,000, and purchases of new plant assets were $23,000. Plant assets were sold at a $7,000 gain. What were the cash proceeds of the sale?

b. Beginning and ending Retained Earnings are $37,000 and $74,000, respectively. Net income for the period was $61,000, and stock dividends were $14,000. How much were cash dividends?