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

Balance

192,600

Feb.

10

Purchased for cash

296,600

489,200

Nov.

20

Purchased with long-term mortgage note

396,300

885,500

Item

Section of Statement of Cash Flows

Added or Deducted

Amount

Purchase of land for cash Purchase of land by issuing long-term mortgage note