In Concord Company, there was an increase in the land account during the year of $$42700.$ Analysis reveals that the change resulted from a cash sale of land at cost $$114300,$ and a cash purchase of land for $$157600.$ In the statement of cash flows, the change in the land account should be reported in the investment section:

as a net purchase of land, $$42700.$

as a purchase of land $$157600$ and a sale of land $$114300.$

only as a sale of land $$114300.$

only as a purchase of land $$157600.$