Two transactions of Battery Amusement Co. are recorded as follows:

\section*{Required} \(\qquad\)
1. Indicate where, how, and in what amount to report these transactions on the statement of cash flows and accompanying schedule of noncash investing and financing activities. Battery Amusement Co. reports cash flows from operating activities by the direct method.
2. Repeat Requirement 1 , assuming that Battery reports cash flows from operating activities by the indirect method.

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a. Cash........ 59,000 Accumulated Depreciation.. 83,000 Equipment. 135,000 Gain on Sale of Equipment. 7,000 b. Land........ 290,000 Cash 130,000 Note Payable. 160,000