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 Balance Date Item Debit Credit Debit Credit January 1 Balance 1,043,000 March 12 Purchased for cash 313,000 1,356,000 October 4 Sold for $172,000 147,000 1,209,000 Item March 12: Purchase of fixed asset October 4: Sale of fixed asset Gain on sale of fixed asset (assume the indirect method) Section of Statement of Cash Flows Added or Deducted Amount