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 Jan. 1 Balance 156,000 Feb. 10 Nov. 20 Purchased for cash 246,000 402,000 Purchased with long-term mortgage note 324,000 726,000 Item Purchase of land for cash Purchase of land by issuing long-term mortgage note Section of Statement of Cash Flows Investing activities section Added or Deducted Amount Deducted $ 380,800 X Separate schedule Report only 508,800 X