The Statement of Cash Flows 879 E16-22 Computing cash flows for investing and financing activities Learning Objective 2 Consider the following facts for Java Jolt: a. Beginning and ending Retained Earnings are $45,000 and $70,000, espectively s Value on Plant Assets 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 Sold $7,000 $26,500, respectively d. Depreciation Expense for the period is $17,00, and acquisitions of new plante 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 assts
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