Requirements Compute the following items for the statement of cash flows: 1. The beginning and ending Retained earnings balances are $42,000 and $68,000, respectively. Net income for the period is $63,000. How much are cash dividends? 2. The beginning and ending net Fixed assets balances are $116,000 and $108,000, respectively. Depreciation expense for the period is $25,000, and acquisitions of new fixed assets total $24,000. Fixed assets were sold at a $1,000 loss. What were the cash proceeds of the sale? Requirement 1. The beginning and ending Retained earnings balances are $42,000 and $68,000, respectively. Net income for the period is $63,000. How much are cash dividends? Select the formula needed to compute this amount and then enter the amounts to calculate the dividends. = Dividends Requirements Compute the following items for the statement of cash flows: 1. The beginning and ending Retained earnings balances are $42,000 and $68,000, respectively. Net income for the period is $63,000. How much are cash dividends? 2. The beginning and ending net Fixed assets balances are $116,000 and $108,000, respectively. Depreciation expense for the period is $25,000, and acquisitions of new fixed assets total $24,000. Fixed assets were sold at a $1,000 loss. What were the cash proceeds of the sale? Requirement 1. The beginning and ending Retained earnings balances are $42,000 and $68,000, respectively. Net income for the period is $63,000. How much are cash dividends? Select the formula needed to compute this amount and then enter the amounts to calculate the dividends. = Dividends Beginning retained earnings Dividends Ending retained earnings Net income