Reporting Land Transactions on Statement of Cash Flow On the basis of the details of the foliowing foxed asset account,dicate the items to be reported on the statement of cash flows: ACCOUNT Land ACCOUNT NO. Balance Date Item Debit Credit Debut Credit Jan 1 Mar 12 Balance Purchased for cash Sold for $106.800 134,300 Oct 9.400 925,000 1,059,100 957.900 Section of Statement of Cash Flows Added or Deducted Amount Item Mar 12: Purchase of fored Oct. 4: Sale of fored Gain on sale of food at sute the indirect method