On January 1, Year 1, Shelton Company had a balance of $260,500 in its Land account. During Year 1, Shelton sold land that had cost $81,500 for $152,000 cash. The balance in the Land account on December 31, Year 1, was $281,500. Required a. Determine the cash outflow for the purchase of land during Year 1. Cash outflow for the purchase of land b. Prepare the investing activities section of the Year 1 statement of cash flows. (Amounts to be deducted should minus sign.) indicated with a Cash flow from investing activities: Net cash flow from investing activities $ 0