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		1,400				1,100
Prepaid expenses		120				180
Equipment		800				0
	$	6,120			$	5,580
Wages payable	$	840			$	1,300
Contributed capital		1,900				1,200
Retained earnings		3,380				3,080
	$	6,120			$	5,580
Income Statement for Current Year
Lessons revenue	$	38,250
Wages expense		34,000
Other expenses		3,950
Net income	$	300

Additional Data:

1. Prepaid expenses relate to rent paid in advance.
2. Other expenses were paid in cash.
3. Purchased equipment for $800 cash at the end of the prior year to be used starting in current year.
4. An owner contributed capital by paying $700 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.)