Using the following partial financial statements, what amount should be reported in the operating activities on the statement of cash flows? Proceeds from the sale of land Partial Balance Sheet 2017 15,000 Land 2016 30,000 Partial Income Statement Other revenues/Expenses: Gain on sale of land 60,000 No land was purchased during the period Journal Debit Account Credit None, it is an investing activity Subtract 60,000 Add 60,000 Add 75,000