in fairfield company, there was a decrease in the land account during the year of $48,000. Analysis reveals that the change resulted from a cash sale of land at a cost $110,000, and a cash purchase of land for $62,000. in the statement of cash flows, the change in land account should be reported in the investment section as a

net sale of land $48,000. purchase of land $62,000 sale of land $(110,000) purchase of land ($62,000) C. sale of land $110,000. d. net decrease of land, $48,000