please show your workings

Shallow Waters Company was started several years ago by two diving instructors. The company's comparative balance sheets and income statement are presented below, along with additional information. Current Year Prior Year Balance Sheet at December 31 Cash Accounts receivable Prepaid expenses Equipment $ 3,700 4,000 1,200 130 400 800 170 Wages payable Contributed capital Retained earnings $5,430S 4,970 760 1,300 1,800 1,870 2,200 2.470 S 5,430 S 4Ore Income Statement for Current Year Lessons revenue Wages expense Other expenses Net income nt for Current Year$ 4,970 $39,250 35,000 3,650 $ 600 Additional Data: a. Prepaid expenses relate to rent paid in advance. b. Other expenses were paid in cash. c. Purchased equipment for $400 cash at the end of the prior year to be used starting in current year, d. An owner contributed capital by paying $400 cash in exchange for the company's stock. thod ist cash outflows