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3 On July 15, 2018, M.W. Morgan Distribution sold land for $38.5 millon that it had purchased in 2013 for $32.0 million. What would be

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On July 15, 2018, M.W. Morgan Distribution sold land for $38.5 millon that it had purchased in 2013 for $32.0 million. What would be the amounts) related to the sale that Morgan would report in its statement of cash flows for the year ended December 31, 2018, using the direct method? The indirect method? Complete this question by entering your answers in the tabs below. Indirect Direct MethodMethod What would be the amount(s) related to the sale that Morgan would report in its state December 31, 2018, using the direct method? (List any cah outiows with a minus sign. Enter your answer rounded to 1 decimal place (i.e.. 5,500,000 should be entered as 5.5).) ment of cash flows for the year ended (S in millions) Indirect Method On July 15. 2018, M.W Morgan Distribution sold land for $38.5 million that It had purchased In 2013 for $320 million. What would be the amount(s) related to the sale that Morgan would report in its statement of cash flows for the year ended December 31, 2018, using the direct method? The indirect method? Complete this question by entering your answers in the tabs below. Direct Method Indirect What would be the amount(s) related to the sale that Morgan would report in its statement of cash flows for the year ended December 31, 2018, using the indirect method? (uist any cash outflows wwith a minus sign. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5.) is in millions)

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