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. Date Item Jan. 1 Balance Mar. 12 Purchased for cash Oct. 4 Sold for $181,000 Debit 329,000 Credit 155,000 Item Mar. 12: Purchase of fixed asset Oct. 4: Sale of fixed asset Gain on sale of fixed asset (assume the indirect method) Balance Debit 1,060,000 1,389,000 1,234,000 Credit Section of Statement of Cash Flows Added or Deducted Amount

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