the following information is available from the land account: line item description amount opening balance $270,000 sold for $240,000 cash 200,000 credit entry purchased for $100,000 cash and $20,000 note payable 120,000 debit entry ending balance 190,000 items in the investing activities section of the statement of cash flows should include a.cash paid for purchase of land, $(100,000). b.loss from land transactions, $(80,000). c.cash paid for purchase of land, $(120,000). d.increase in notes payable, $20,000.