Land Transactions on the Statement of Cash Flows book value of $183.000 for $167.000. Cameron Corporation purchased land for $425,000. Later in the year, the company sold a different plece of land with How are the effects these transactions reported on the statement of cash flows? Use the minus sign indicate cash outflows, cash payments, decreases in cash and for any adiustments, if required. If a transaction has no effect on the statement of cash flows. select "No effect" from the drop down menu aand leave the amount box blank. Transactions Action Amount Gain or loss on sale of land Cash received from sale of land Cash paid for purchase of land