Question: (Learning Objectives 4, 5: Computing investing and fi nancing amounts for the statement of cash fl ows) Compute the following items for the statement of

(Learning Objectives 4, 5: Computing investing and fi nancing amounts for the statement of cash fl ows) Compute the following items for the statement of cash fl ows:

a. Beginning and ending PPE, Net, are €102,000 and €97,000, respectively. Depreciation for the period was €12,000, and purchases of new PPE were €30,000. PPE were sold at a €5,000 gain. What were the cash proceeds of the sale?

b. Beginning and ending Retained Earnings are €46,000 and €70,000, respectively. Net income for the period was €48,000, and dividends were €11,000. How much were cash dividends?

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