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ncidde d sepaldte secu hO 14-22 Computing cash flows for investing and financing activities Learning Objective 2 2. Book Value on Plant Assets Sold $7,000 Consider the following facts for Java Jolt a. Beginning and ending Retained Earnings are $45,000 and $70,000, respectively. Net income for the period is $60,000 b. Beginning and ending Plant Assets are $124,500 and $134,500, respectively. c. Beginning and ending Accumulated Depreciation-Plant Assets are $21,500 and $26,500, respectively d.Depreciation Expense for the period is $17000, and acquisitions of new plant assets total $29,000. Plant assets were sold at a $5,000 gain. Requirements 1. How much are cash dividends? 2. What was the amount of the cash receipt from the sale of plant assets? E14-23 Computing the cash effect