er 16 ve 2 E-F:16-22 Computing cash flows for investing and financing activities Consider the following facts for Java Jolt: a. Beginning and ending Retained Earnings are $45,000 and $70,000, respectively. Net income for the period is $60,000. Assets 7,000 b. Beginning and ending Plant Assets are $124,500 and $134,500, respectively. c. Beginning and ending Accumulated Depreciation-Plant Assets are $21,500 and $26,500, respectively. d. Depreciation Expense for the period is $17,000, and acquisitions of new plant assets total $29,000. Plant assets were sold at a $5,000 gain. Requirements 1. How much are cash dividends? 2. What was the amount of the cash receipt from the sale of plant assets