Compute the following items for the statement of cash flows
Compute the following items for the statement of cash flows:
1. The beginning and ending Retained Earnings balances are $43,000 and $73,000, respectively. Net income for the period is $59,000. How much are cash dividends?
2. The beginning and ending Fixed Assets, Net, balances are $104,000 and $108,000, respectively. Depreciation expense for the period is $16,000, and acquisitions of new fixed assets total $35,000. Fixed assets were sold at a $5,000 loss. What were the cash proceeds of the sale?

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