Brief Exercise 21-8 Sale of land [LO21-3, 21-4, 21-5] On July 15, 2018, M.W. Morgan Distribution sold land for $40.5 million that it had purchased in 2013 for $330iion What would be the amount(s) related to the sale that Morgan would report in its statement of cash flows for the year ended December 31, 2018, using the direct method? The indirect method? O Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Direct Method Method Method Indire What would be the amount(s) related to the sale that Morgan would report in its statement of cash flows for the December 31, 2018, using the direct method? (List any cash outflows with a minus sign. Enter your answers in rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) ($ in millions Cash inflow from investing activities Cash outflow from operating activities 40.5 0.0 Brief Exercise 21-8 Sale of land [LO21-3, 21-4, 21-5] On July 15, 2018, M.W. Morgan Distribution sold land for $40.5 million that it had purchased in 2013 for $33.0 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? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below Indirect Method Direct Method What would be the amount(s) related to the sale that Morgan would report in its statement of cash flows for the December 31, 2018, using the indirect method? (List any cash outflows with a minus sign. Enter your answers i rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) in millions Operating Activities: Negative adjustment to net income 7.5 Cash inflow from investing activities 40.5 K Direct Method Indirect Method>