Requirement 2. What was the amount of the cash receipt from the sale of plant assets? The cash receipt from the sale plant assets is More info a. Beginning and ending Retained Earnings are $45,000 and $74,000, respectively. Net income for the period is $62,000. b. Beginning and ending Plant Assets are $124,500 and $129,500, respectively. c. Beginning and ending Accumulated Depreciation-Plant Assets are $21,500 and $23,500, respectively. d. Depreciation Expense for the period is $14,000, and acquisitions of new plant assets total $25,000. Plant assets were sold at a $3,000 gain. Print Done -