Requirements Calculate the following items for the statement of cash flows: a. Beginning and ending Plant Assets, Net, were $108,000 and $99,000, respectively. Depreciation for the period was $15,000, and purchases of new plant assets were $28,000. Plant assets were sold at a loss of $9,000. What were the cash proceeds of the sale? b. Beginning and ending Retained Earnings were $48,000 and $70,000, respectively. Net income for the period was $47,000, and stock dividends were $3,000. How much were the cash dividends