Land Transactions on the Statement of Cash Flows Apha Corporation purchased land for $353,000. Later in the year, the company sold a different plece of land with a book value of $194,000 for $215,000. How are the effects of these transactions reported on the statement of cash fiows? Use the minus sign to indicate cash outfiows, cash payments, decreases in cash and fo any adjustments, If required. If a transaction has no effect on the statement of cash flows, select "No effect" from the drop down menu and ieave the amoupt box blank