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 Item Credit Date 1,035,000 Jan. 1 Mar. 12 Balance Purchased for cash Sold for $193,000 352,000 1,387,000 1,222,000 Oct 4 165,000 Section of Statement of Cash Flows 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)