Requirements Calculate the following items for the statement of cash flows: a. Beginning and ending Plant Assets, Net, were $92,000 and $81,000, respectively. Depreciation for the period was $16,000, and purchases of new plant assets were $28,000. Plant assets were sold at a loss of $11,000. What were the cash proceeds of the sale? b. Beginning and ending Retained Earnings were $46,000 and $69,000, respectively. Net income for the period was $61,000, and stock dividends were $13,000. How much were the cash dividends? Requirement a. Beginning and ending Plant Assets, Net, were $92,000 and $81,000, respectively. Depreciation for the period was $16,000, and purchases of new plant assets were $28,000. Plant assets were sold at a loss of $11,000. What were the cash proceeds of the sale? Cash proceeds from the sale were $ Requirement b. Beginning and ending Retained Earnings are $46,000 and $69,000, respectively. Net income for the period was $61,000, and stock dividends were $13,000. How much were cash dividends? Cash dividends were $