Entity I (which follows US GAAP) purchased a commercial building site in an office park several years ago for $120,000. A builder recently offered to purchase the site for $540,000 in an all-cash deal, but Entity I declined. At what value should the land be reported in Entity I's financial statements? $120,000 $540,000 because a willing seller has been found. $420,000 It should not be reported at any value because it is not being used in operations. 18 3 points Entity H recently repaid a long-term note (due 2035) early. To find out the amount of cash paid, in which section of the statement of cash flows might you look? operating activities investing activities financing activities stockholders' activities