Compute the following items for the statement of cash flows:
a. Beginning and ending Plant Assets, Net, are $120,000 and $115,000, respectively. Depreciation for the period was $13,000, and purchases of new plant assets were $15,000. Plant assets were sold at a $5,000 loss. What were the cash proceeds of the sale?
b. Beginning and ending Retained Earnings are $44,000 and $69,000, respectively. Net income for the period was $59,000, and stock dividends were $6,000. How much were cash dividends?