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 NO. ACCOUNT Land Balance Debit Credit Debit Credit Date Item Jan Balance 1,191,000 Mar. 12 Purchased for cash 381,000 1,572,000 Oct.4Sold for $209,000 179,000 1,393,000 Section of Statement of Amount Item Cash Flows Added or Deducted Mar. 12: Purchase of fixed asset Oct. 4: Sale of fixed asset Gain on sale of fixed asset (assume the indirect method)