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 DebitCredit 2016 Jan.1 Mar. 12 Purchased for cash 104,300 Oct. 4 Sold for $95,550 868,000 972,300 63,840908,460 Balance Section of Statement of Item Added or Deducted Amount Cash Flows 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 V Operating activities section Deducted Added Deducted