Land Transactions on the Statement of Cash Flows Cameron Corporation purchased land for $374,000. Later in the year, the company sold a different plece of land with a book value of $194,000 for $167,000 How are the effects of these transactions reported on the statement of cash flows? Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for 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 leave the amount box blank