Requirements Calculate the following items for the statement of cash flows: a. Beginning and ending Plant Assets, Net, were $104,000 and $100,000, respectively. Depreciation for the period was $17,000, and purchases of new plant assets were $44,000. Plant assets were sold at a loss of $4,000. What were the cash proceeds of the sale? b. Beginning and ending Retained Earnings were $47,000 and $74,000, respectively. Net income for the period was $57,000, and stock dividends were $13,000. How much were the cash dividends? Requirement a. Beginning and ending Plant Assets, Net, were $104,000 and $100,000, respectively. Depreciation for the period was $17,000, and purchases of new plant assets were $44,000. Plant assets were sold at a loss of $4,000. What were the cash proceeds of the sale? Cash proceeds from the sale were