On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cash flows: ACCOUNT Land ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Jan. 1 Mar 12 Oct. 4 Balance Purchased for cash Sold for $174,000 961,000 1,278,000 317,000 149,000 1,129,000 Added or Deducted Amount Item Mar. 12: Purchase of fixed asset Oct. 41 Sale of fixed asset Section of Statement of Cash Flows Investing activities section Investing activities section Deducted Added Gain on sale of fixed asset (assume the indirect method) Operating activities section Deducted 1,129,00 X Feedback