In Shannon Company, There Was an Increase in the Land

In Shannon Company, there was an increase in the land account during the year of $38,000. Analysis reveals that the change resulted from a cash sale of land at a cost $120,000, and a cash purchase of land for $158,000. In the statement of cash flows, the change in the land account should be reported in the investment section:

A) as a net purchase of land, $38,000.
B) only as a purchase of land $158,000.
C) as a purchase of land $158,000 and a sale of land $120,000.
D) only as a sale of land $120,000.