In Stretch Company, there was an increase in the land account during the year of $48,000. Analysis reveals that the change resulted form a cash sale of land at cost $110,000, and a cash purchase of land for $158,000. In the statement of cash flows, the change in the land account should be reported in the investment section:

	a.	as a net purchase of land, $48,000.
	b.	as a purchase of land $158,000 and a sale of land $110,000.
	c.	only as a sale of land $110,000.
	d.	only as a purchase of land $158,000.