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 Mar. 12 Purchased for cash 371,000 1,124,000 1,495,000 1,321,000 Oct. 4 Sold for $203,000 174,000 Section of Statement of Cash Flows Added or Deducted Amount Item Deducted 371,000 Mar. 12: Purchase of fixed asset Added Oct. 4: Sale of fixed asset Gain on sale of fixed asset (assume the Indirect method) Investing activities section Investing activities section Operating activities section Deducted