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	$	4,000			$	4,500
Accounts receivable		1,200				900
Prepaid expenses		110				170
Equipment		500				0
	$	5,810			$	5,570
Wages payable	$	490			$	1,250
Contributed capital		2,500				1,700
Retained earnings		2,820				2,620
	$	5,810			$	5,570
Income Statement for Current Year
Lessons revenue	$	38,450
Wages expense		34,000
Other expenses		4,250
Net income	$	200

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 $800 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.)