The following information was extracted from the accounting records of Ocean Adventures, Inc.:

a. Net income, $46,200

b. Depreciation on equipment, $3,400

c. Purchased long-term investments, $6,900

d. Sold land for $46,900 (amount includes a loss of $8,700)

e. Issued long-term note payable to acquire equipment, $12,300

f. Payment on long-term note payable, $41,000

g. Issued common stock for cash, $4,900

h. Declared and paid cash dividend, $28,100

Increases (decreases) in selected accounts were as follows:

Accounts receivable (2,400)

Interest receivable (700)

Inventory 8,400

Prepaid expenses 900

Accounts payable 2,100

Income tax payable (700)

Accrued liabilities (1,500)

Interest payable 800 Salaries payable (1,700)

Beginning cash was $52,500.

Prepare the statement of cash flows for Ocean Adventures for the year ended December 31, 2006, using the indirect method and including a schedule of noncash investing and financing activities, if necessary.