Exercise 14-8A (Algo) Determining cash flow from investing activities LO 14-3 On January 1, Year 1, Munoz Company had a balance of $260,500 in its Land account. During Year 1, Munoz sold land that had cost $91,000 for $149,000 cash. The balance in the Land account on December 31, Year 1, was $294,500. Required a. Determine the cash outflow for the purchase of land during Year 1. b. Prepare the investing activities section of the Year 1 statement of cash flows. Complete this question by entering your answers in the tabs below. Required A Required B Determine the cash outflow for the purchase of land during Year 1. Cash outflow for the purchase of land Required B > 13