Requirements Calculate the following items for the statement of cash flows: a Beginning and ending Plant Assets, Net, were $101,000 and $90,000, respectively. Depreciation for the period was $9,000, and purchases of new plant assets were $26,000. 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 $49,000 and $71,000, respectively. Not income for the period was $61,000, and stock dividends were $4,000. How much were the cash dividends? Requirement a. Beginning and ending Plant Assets, Net, were $101,000 and $90,000, respectively. Depreciation for the period was $9,000, and purchases of new plant assets were $26,000. Plant assets were sold at a loss of $11,000. What were the cash proceeds of the sale? Cash proceeds from the sale were