Calculate the following items for the statement of cash flows:
a. Beginning and ending Plant Assets, Net, were $106,000 and $97,000, respectively. Depreciation for the period was $5,000, and purchases of new plant assets were $24,000. 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 $32,000 and $69,000, respectively. Net income for the period was $46,000, and stock dividends were $7,000. How much were the cash dividends?
