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	$	3,800			$	4,300
Accounts receivable		1,100				700
Prepaid expenses		130				170
Equipment		500				0
	$	5,530			$	5,170
Wages payable	$	560			$	1,100
Contributed capital		1,700				1,200
Retained earnings		3,270				2,870
	$	5,530			$	5,170
Income Statement for Current Year
Lessons revenue	$	37,450
Wages expense		33,000
Other expenses		4,050
Net income	$	400

Additional Data:

Prepaid expenses relate to rent paid in advance.

Other expenses were paid in cash.

Purchased equipment for $500 cash at the end of the prior year to be used starting in current year.

An owner contributed capital by paying $500 cash in exchange for the company's stock.

Required:

Prepare the statement of cash flows for the year ended December 31, current year, using the indirect method. (List cash outflows as negative amounts.)