Question

Please help with section d (bottom) and include details. Thanks

The following table presents selected items from the 2011 and 2010 balance sheets and 2011 income statement of Golden Enterprises, Inc. Golden enterprises reported expenditures for property and equipment of $5, 559, 183 in 2011. What was the original cost of the property and equipment that golden enterprises sold during 2011? $ What was the accumulated depredation on that property and equipment at the time of sale? $ b. compute the cash proceeds from the sale of property and equipment in 2011. $ c. Prepare the journal entry to describe the sale of property and equipment. d. Determine the cash dividends paid in 2011



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