Question 14 0.05 pts Use the following information to answer Question 13 and 14 During the year, U Ltd's Statement of Profit or Loss shows gain on sale of land $70,000. Its Statement of Financial Position shows that land was $1,200,000 at the beginning of the year and $1,250,000 at the end of the year. Additional information: the cost of a block of land sold was $800,000. Required: What is the amount of cash paid for a new block of land? (Input a number only, no dollar sign) Question 13 0.05 pts Use the following information to answer Question 13 and 14 During the year, U Ltd's Statement of Profit or Loss shows gain on sale of land $70,000. Its Statement of Financial Position shows that land was $1,200,000 at the beginning of the year and $1,250,000 at the end of the year. Additional information: the cost of a block of land sold was $800,000. Required: What is the amount of cash proceeds on sale of land? (Input a number only, no dollar sign)