Analysis of Forest Company’s accounts revealed the following activity for its Land account, with descriptions added for clarity of analysis. How would these two transactions be reported for cash flow purposes? Note the section of the statement of cash flow, if applicable, and if the transaction represents a cash source, cash use, or noncash transaction.

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Account balance, beginning of year Purchase of land this year, for cash Purchase of land this year, with note payable Account balance, end of year Land $220,000 95,000 75,000 390,000