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 Debit Credit Date Item Mar 1 urchased for cash 304,000 Oct. 4 Sold for $167,000 980,000 1,284,000 143,0001,141,000 Added or Deducted Amount Item Mar. 12: Purchase of fixed asset Oct. 4: Sale of fixed asset Gain on sale of fixed asset (assume the indirect method) Cash Flows