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 2016 Jan. 1 Balance Feb. 10 Purchased for cash Nov. 20 Purchased with long-term mortgage note 288,500 732,800 1,326,400 444,300 | 593,600 Item Section of Statement of Cash Flows Added or Deducted Amount Purchase of land for cash Purchase of land by issuing long-term mortgage