On January 1 Year 1 Shelton Company had a balance of $275,000 in its Land account. During Year 1. Shelton sold tand that had cost $90,000 for $159.500 cash. The balance in the Land account on December 31 Year 1, was $295,000 Required a. Determine the cash outflow for the purchase of land during Year 1: Cash out for the purchase of land b. Prepare the investing activitles section of the Year 1 statement of cash flows. (Amounts to be deducted should be indicated with a minus sign) Cash flow from investing active Nel cash flow from sing activities