On January 1, Year 1. Adams Company had a balance of $276,500 in its Land account. During Year 1. Adams sold land that had cost $77.000 for $144,500 cash. The balance in the Land account on December 31. Year 1, was $291,000 Required a. Determine the cash outflow for the purchase of land during Year 1. b. Prepare the investing activities section of the Year 1 statement of cash flows. Complete this question by entering your answers in the tabs below. Required a Required B Determine the cash outflow for the purchase of land during Year 1. Cash outflow for the purchase of land Required B > a. Determine the cash outflow for the purchase of land during Year 1. b. Prepare the investing activities section of the Year 1 statement of cash flows. Complete this question by entering your answers in the tabs below. Required A Required B Prepare the investing activities section of the Year 1 statement of cash flows. (Cash outflows should be indicated with minus sign.) Cash flow from investing activities Net cash flow from investing activities