how is this wrong

eBook Show Me How Print Item Land Transactions on the Statement of Cash Flows Iz Corporation purchased tand for $500,000. Later in the year, the company sold a different piece of land with a book value of $250,000 for $200,000 How are the effects of these transactions reported on the statement of cash flows assuming the indirect method is used? Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for any adjustments, if required, it a transaction has no effect on the statement of cash flows, select "No effect from the drop down menu and leave the amount box blank. Transactions Action Amount Gain on sale of land Deducted from met Income 30,000 x Cash received from sale of Part of cash flows from investing activities 280,000 land Cash paid for purchase of Part of cash flows from mvesting activities land 500,000 x Feedback Becky Won Property, plant, and equipment are considered noncurrent assets. Recall the definitions of each section of the statement of cash now. What type of an affect would again or loss have on the statement of cash flows 7