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 Debit Date Jan. 1 Balance Mar. 12Purchased for cash 357,000 Oct. 4Sold for $196,000 Item Credit Debit 1,081,000 1,438,000 Credit 168,000 1,270,000 Section of Statement of Item Added or Deducted Amount Cash Flows Deducted 357,000 Mar. 12: Purchase of fixed asset Oct. 4: Sale of fixed asset Gain on sale of fixed asset (assume the indirect method) Investing activities section Investing activities section Operating activities section Added Deducted