Two plots of land were purchased during the year by a company just going into business. Plot cost $10,000, and Plot K cost $16,000. If Plot) was sold before the end of the period for $9,000, a then O the balance in the land account would be $17.000 at the end of the year. financing activities on the statement of cash flows would be increased by $9,000. o the amount in retained earnings at the end of the period would include the $1,000 loss on the sale at the time of sale, the cash account would be increased by the amount originally paid for the land, None of the above