Compute the following items for the statement of cash flows:

a. Beginning and ending Retained Earnings are \($45,000\) and \($70,000,\) respectively. Net income for the period is \($60,000.\) How much are cash dividends? 

b. Beginning and ending Plant Assets, Net, are \($103,000\) and \($107,000,\) respectively. Depreciation for the period is \($16,000,\) and acquisitions of new plant assets total \($27,000.\) Plant assets were sold at a \($4,000\) gain.

What was the amount of the cash receipt from the sale?