Consider the following facts for health haven? Requirements
1. How much are cash dividends?
2. What was the amount of the cash receipt from the sale of plant assets?
Requirement 1. How much are cash dividends?
Cash dividends are $.
Requirement 2. What was the amount of the cash receipt from the sale of plant assets?
The cash receipt from the sale plant assets is $:.

attached below is the missing part of the question

$17000

Explanation:

1) calculate the cash dividends

  = beginning earnings + net income for the period - ending retained earnings

 = $44000 + $57000 - $68000 = $33000

2 ) calculate the amount of cash receipt from the sale of plant assets

first we will calculate the dep on sale of plant products

= beginning accumulated depreciation + depreciation expense - ending accumulated depreciation

= 22500 + 12000 - 24500 = $10000

next we calculate the cost of sale of plant assets

= beginning plant asset + acquisition new plant assets - ending plant asset

= $123500 + $29000 - $131500 = $21000

Hence the cash receipt from the sale plant assets = cost of sale of plant assets - dep on sale of plant products + gain on the sale of plant assets

= 21000 - 10000 + 6000 = $17000

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