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 Debit Credit Jan. 1 Balance 932,000 Mar. 12 Purchased for cash 308,000 1,240,000 Oct. 4 Sold for $169,000 145,000 1,095,000 Item Mar. 12: Purchase of fixed asset Oct. 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