Reporting Land Acquisition for Cash and Mortgage Note on Statement of Cash Flows On the basis of the detalls 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 Feb. 10 Balance Purchased for cash Purchased with long-term mortgage note 345,300 222,800 568,100 1,028,300 Nov. 20 460,200 Item Section of Statement of Cash Flows Added or Deducted Amount Purchase of land for cash Purchase of land by Issuing long-term mortgage