Reconciling Changes in Balance Sheet Accounts The following table presents selected items from the 2016 and 2015 balance sheets and 2016 Income statement of Golden Enterprises, Inc. GOLDEN ENTERPRISES, INC. Selected Balance Sheet Data Selested Income Statement Data 2016 2015 2016 Property and Equipment cost 9.199,992 $97,369.003 Depreciation Expense $3.876111 Accumulated Depreciation 76.156,109 73.880.525 Gan onse of property and Equipment 56.445 Retained Earnings 20.738,143 19.048,500 Net income 3.184.900 Golden Enterprises reported expenditures for property and equipment of $1,182,854 in 2016. In addition, the company acquired property and equipment valued at $239,392 in a noncash transaction in 2016 a. What was the original cost of the property and equipment that Golden Enterprises sold during 2016? 50 What was the accumulated depreciation on that property and equipment at the time of sale? 5 0 b. Compute the cash proceeds from the sale of property and equipment in 2015 50 c. Prepare the joumal entry to describe the sale of property and equipment. General Journal Description Debit Credit Cash 0 O 0 Property and equipment cost 0 0 0 0 0 . d. Determine the cash dividends paid in 2016, 0 Reconciling Changes in Balance Sheet Accounts The following table presents selected items from the 2016 and 2015 balance sheets and 2016 Income statement of Golden Enterprises, Inc. GOLDEN ENTERPRISES, INC. Selected Balance Sheet Data Selested Income Statement Data 2016 2015 2016 Property and Equipment cost 9.199,992 $97,369.003 Depreciation Expense $3.876111 Accumulated Depreciation 76.156,109 73.880.525 Gan onse of property and Equipment 56.445 Retained Earnings 20.738,143 19.048,500 Net income 3.184.900 Golden Enterprises reported expenditures for property and equipment of $1,182,854 in 2016. In addition, the company acquired property and equipment valued at $239,392 in a noncash transaction in 2016 a. What was the original cost of the property and equipment that Golden Enterprises sold during 2016? 50 What was the accumulated depreciation on that property and equipment at the time of sale? 5 0 b. Compute the cash proceeds from the sale of property and equipment in 2015 50 c. Prepare the joumal entry to describe the sale of property and equipment. General Journal Description Debit Credit Cash 0 O 0 Property and equipment cost 0 0 0 0 0 . d. Determine the cash dividends paid in 2016, 0