I have a 1997 Sunbird Spirit 170 with a V/P 4.3GL w/ SX outdrive. On my first outing after launching (Approx 5-10 min.) I could hear water running into the engine bay. I then noticed that the bilge area was almost full of water. After putting it back on the trailer with the plug still in i observed water leaking out of the rear of the boat between the transom plate and the transom approx. 6-8 inches up from the bottom of the plate all the way to the bottom. Took the boat home and lifted the front, plug in, and filled the bilge area (engine bay) with a garden hose with the same effect. Followed Don S advise on other threads and took small hammer and tapped from outside and was able to hear sound change the closer I got to the outdrive. Also took small drill and drilled from inside transom approx. 1/8 in. hole 1/2 inch deep and found brown wood shavings that would seep water when compressed, but no black or rotten wood. My question is if transom is bad how hard if poss. is this to fix? I did observe that previous owner had hit several thing with the outdrive. Several chips are missing from the tip of the propeller blades and there is evidence on the lower gear case that rocks and oyster beds have made contact. Thanks in advance