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 1 925,000 Mar 12 Balance Purchased for cash Sold for $106,800 134,300 1,059,300 Oct. 4 89,400 969,900 Section of Statement of Cash Flows Item Amount Added or Deducted Mar, 12. Purchase of fixed asset Investing activities section 134,300 Deducted Added Investing activities section Oct. 4: Sale of fixed asset Deducted Operating activities section Gain on sale of fixed asset (assume the Indirect method) X