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. Date Item Debit Credit Jan. 1 Mar. 12 Oct. 4 Balance Purchased for cash Sold for $95,550 104,300 Balance Debit Credit 868,000 972,300 908,460 Section of Statement of Cash Flows 63,840 Item Added or Deducted Amount Mar. 12: Purchase of fixed asset Oct. 4: Sale of fixed asset Gain on sale of fixed asset (assume the indirect method)