Requirements Calculate the following items for the statement of cash flows: a. Beginning and ending Plant Assets, Net, were $104,000 and $94,000, respectively. Depreciation for the period was $12,000, and purchases of new plant assets were $40,000. Plant assets were sold at a loss of $10,000. What were the cash proceeds of the sale? b. Beginning and ending Retained Earnings were $48,000 and $73,000, respectively. Net income for the period was $64,000, and stock dividends were $14,000. How much were the cash dividends? Requirement a. Beginning and ending Plant Assets, Net, were $104,000 and $94,000, respectively. Depreciation for the period was $12,000, and purchases of new plant assets were $40,000. Plant assets were sold at a loss of $10,000. What were the cash proceeds of the sale? Cash proceeds from the sale were