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 Item Debit Credit Credit Jan.1 Mar. 12 Oct. 4 Sold for $210,000 Debit 1,162,000 1,545,000 Balance Purchased for cash 383,000 180,000 1,365,000 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