Question: (Learning Objectives 3, 4: Compute investing and financing amounts for the statement of cash flows) Compute the following items for the statement of cash flows:

(Learning Objectives 3, 4: Compute investing and financing amounts for the statement of cash flows) Compute the following items for the statement of cash flows: a. Beginning and ending Plant Assets, Net, are $125,000 and $115,000, respectively. Depreciation for the period was $19,000, and purchases of new plant assets were $45,000. Plant assets were sold at a $10,000 gain. 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 $61,000, and stock dividends were $10,000. How much were cash dividends?

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