Reporting Land Acquisition for Cash and Mortgage Note on Statement of Cash Flows

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

2014

Jan.

1

Balance

267,400

Feb.

10

Purchased for cash

422,500

689,900

Nov.

20

Purchased with long-term mortgage note

558,800

1,248,700

Item	Section of Statement of Cash Flows	Added or Deducted	Amount
1 Purchase of land for cash	SelectFinancing activities section Investing activities section Operating activities section Separate schedule	SelectAddedDeductedNot applicable	$
2 Purchase of land by issuing long-term mortgage note	SelectFinancing activities section Investing activities section Operating activities section Separate schedule	SelectAddedDeductedReport only	$