Reporting Land Transactions 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 Jan. 1Balance Mar. 12 Oct.4Sold for $221,000 Item Debit Credit Debit 1,218,000 1,620,000 Credit Purchased for cash 402,000 189,000 1,431,000 Section of Statement of Item Mar. 12: Purchase of fixed asset Oct. 4: Sale of fixed asset Gain on sale of fixed asset (assume the indirect method) Cash Flows Added or Deducted Amount Investing activities section Investing activities section Operating activities section Deducted Added Deducted