reporting land transactions on statement of cash flows

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 Debit Credit Balance Debit Credit 898,000 Balance Jan. 1 Mar 12 Purchased for cash 278,000 1,176,000 Oct. 4 Sold for $153,000 131,000 1,045,000 Item Section of Statement of Cash Flows Added or Deducted Amount Mar 12: Purchase of fixed asset Oct. 4: Sale of fixed asset Gain on sale of fixed asset (assume the indirect method) Item Section of Statement of Cash Flows Added or Deducted Amount Mar. 12. Purchase of fixed asset Oct. 4: Sale of fixed asset Gain on sale of fixed asset (assume the Indirect method) Financing activities section Investing activities section Operating activities section Not on statement Item Section of Statement of Cash Flows Added or Deducted Amount Mar. 12 Purchase of fixed asset Oct. 41 Sale of fixed asset Gain on sale of fixed asset (assume the Indirect method) Added Deducted Not applicable