Dive In Company was started several years ago by two diving instructors. The companys comparative balance sheets and income statement are presented below.

Additional Data:

a.	Prepaid Expenses relate to rent paid in advance.
b.	Other Operating Expenses were paid in cash.
c.	An owner contributed capital by paying $1,100 cash in exchange for the companys stock.

Required:

1.	Prepare the statement of cash flows for the current year ended December 31 using the indirect method. (Amounts to be deducted should be indicated by a minus sign.)

Dive In Company was started several years ago by two diving The company's comparative instructors. balance sheets and income statement are presented below. Balance Sheet at December 31 5.720 6.610 Accounts Receivable 2,800 1.400 Prepaid Expenses 280 140 8,800 8,150 Salaries and Wages Payable s 1.250 s 2.900 Common Stock 3,000 1,900 Retained Earnings 4,550 3,350 8,800 8,150 ncome Statement $53,750 Service Revenue Salaries and Wages Expense 48,000 4,550 Other Operating Expenses 1,200 Net Income Additional Data: a. Prepaid Expenses relate to rent paid in advance. b. Other Operating Expenses were paid in cash. c. An owner contributed capital by paying $1,1 cash in exchange for the company's stock