Requirements Calculate the following items for the statement of cash flows: Beginning and ending Plant Assets, Net, were $125,000 and $120,000, respectively. Depreciation for the period was $12,000, and purchases of new plant assets were $38,000. Plant assets were sold at a gain of $5,000. What were the cash proceeds of the sale? b. Beginning and ending Retained Earnings were $42,000 and $71,000, respectively. Net income for the period was $45,000, and stock dividends were $11,000. How much were the cash dividends? . . . Requirement a. Beginning and ending Plant Assets, Net, were $125,000 and $120,000, respectively. Depreciation for the period was $12,000, and purchases of new plant assets were $38,000. Plant assets were sold at a gain of $5,000. What were the cash proceeds of the sale? Cash proceeds from the sale were