In Shannon Company, there was an increase in the land account during the year of 548,000 Analysis reveals that the change resulted from a cash sales of land at a cost $110.000, and a cash purchase of land for 5158,000 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, $48.000 only as a purchase of land 5158,000 as a purchase of land $158.000 and a sale of land 110.000 only as a sale of land 5110.000 Question 17 of 345 Moving to another question will save this response