96,790 103,700 Accounts payable (merchandise creditors) Salaries payable 15.270 14,200 Required: 6. EX.16-11.ALGO (Algorithmic) Reporting Land Transactions on Statement of Cash Flows 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. deat Balance Item Debit Credit Debit Credit Date Jan. 1 Balance Mar. 12 Purchased for cash 294,000 949,000 1,243,000 Page 5 of 8 Oct4 Sold for $16100138,000 1,105,000 | Section of Statement of Cash Flows Added or Deducted Amount Item Mar. 12: Purchase of fixed asset Oct. 4: Sale of fixed asset Gain on sale of fixed asset (assume the indirect method) 7. EX.16-17.ALGO (Algorithmic) Statement of Cash Flows-Indirect Method