Reporting Land Acquisition for Cash and Mortgage Note 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. Balance Date Item Debit Credit Debit Credit Jan. 1 Balance 270,800 Feb. 10 Purchased for cash 406,200 677,000 Nov. | 20 Purchased with long-term mortgage note 548,400 1,225,400 Item Section of Statement of Cash Flows Added or Deducted Amount Purchase of land for cash Investing activities section Deducted Purchase of land by issuing Separate schedule Report only long-term mortgage noteReporting Issuance and Retirement of Long-Term Debt On the basis of the details of the following bonds payable and related discount accounts, indicate the items to be reported in the "Cash flows from financing activities" section of the statement of cash flows, assuming no gain or loss on retiring the bonds: ACCOUNT Bonds Payable ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Jan. Balance 580,000 2 Retire bonds 116,000 464,000 June 30 Issue bonds 348,000 812,000 ACCOUNT Discount on Bond Payable ACCOUNT NO. Balance Date Item Debit Credit Jan. 1 Balance 26,100 2 Retire bonds 16,820 June 30 Issue bonds 40,120 Dec. 31 Amortize discount 38,110 Items Section of Statement of Cash Flows Added or Deducted Amount Retire bonds Financing activities section - Deducted Issue bonds Financing activities section V Added Amortization of discount Operating activities section, if indirect method used Added