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 Debit Credit Date Item Debit Credit Jan Balance 949,000 1 Mar. 12 Purchased for cash 304,000 1,253,000 Sold for $167,000 Oct. 4 143,000 1,110,000 Section of Statement of Cash Flows Added or Deducted Item Amount Investing activities section 304,000 Deducted Mar. 12: Purchase of fixed asset Investing activities section Added Oct. 4: Sale of fixed asset Operating activities section Deducted Gain on sale of fixed asset (assume the indirect method)