Reporting land transactions on statement of cash flows Obj. 3 On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cash flows:

ACCOUNT Land ACCOUNT NO.

Balance Date Item Debit Credit Debit Credit Balance Purchased for cash Sold for $106,800 1

12 4

Jan.

Mar.

Oct.

925,000 1,059,300 969,900 134,300 89,400 AppendixLO1