On January 1, Year 1 Shelton Company had a balance of $261,500 in its Land account During Year 1, Shetton sold land that had cost $91,500 tor $142,500 cash. The balance in the Land accecint on December 31 , Yeor t, was $280,500. Required a. Determine the cash outflow for the purchase of land during Year 1 b. Prepare the investing activities section of the Yeor 1 statement of cash fows. Note: Amounts to be deducted should be indicated with a minus sign