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Reconciling Changes in Balance Sheet Accounts The following table presents selected items from the 2011 and 2010 balance sheets and 2011 income statement of Golden Enterprises, Inc. GOLDEN ENTERPRISES, INC. Selected Balance Statement Data 2011 2011 Property and Equipment, cost $84m,77 s80,132.394 Depreciation Expense $3.184956 Accumulated Depreciation 60,136,353 57852.770 Gain on Sale of Property 18.876.264 17.319.003 3029.768 Golden enterprises reported expenditures for property and equipment of s5559,183 in 2011. a. What was the original cost of the property and equipment that Golden Enterprises sold during 2011? What was the accumulated depreciation on that property and equipment at the time ofsale? S 0 b Compute the cash proceeds from the sale of property and equipment in 2011. c Prepare the journal entry to describe the sale of property and equipment General Journal property and equipment cont Determine the cash dividends paid in 2011