In Bonita Company, there was an increase in the land account during the year of $$44000.$ Analysis reveals that the change resulted from a cash sale of land at cost $$114500,$ and a cash purchase of land for $$158700.$ In the statement of cash flows, the change in the land account should be reported in the investment section:

as a purchase of land $$158700$ and a sale of land $$114500.$

only as a purchase of land $$158700.$

only as a sale of land $$114500.$

as a net purchase of land, $$44000.$