Suppose the income statement for Goggle Company reports $$171$ of net income, after deducting depreciation of $$16.$ The company bought equipment costing $$155$ and obtained a long$-$term bank loan for $$156.$ The company's comparative balance sheet, at December $31,$ is presented here.

Required:

Calculate the change in each balance sheet account and indicate whether each account relates to operating, investing, and$/$or financing activities $(+$ for increase and $-$ for decrease$).$

Prepare a statement of cash flows using the indirect method.

Are the cash flows typical of a start$-$up$,$ healthy, or troubled company?

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Required $1$

Required $2$

Required $6$

Prepare a statement of cash flows using the indirect method. $($Amounts to be deducted should be indicated with a minus sign.$)$

$\backslash$table$[[$GOGGLE COMPANY$],[$Statement of Cash Flows$],[$For the Year Ended December $31],[$Cash Flows from Operating Activities:,$],[$Net Income,$171,],[\backslash$table$[[$Adjustments to Reconcile Net Income to Net Cash$],[$Provided by Operating Activities:$]],],[$Depreciation$,16,-],[$Changes in Current Assets and Current Liabilities,$-,],[$Increase in Accounts Receivable,,$],[$Decrease in Inventory,,$]]$

$\backslash$table$[[$GOGGLE COMPANY$],[$Statement of Cash Flows$],[$For the Year Ended December $31],[$Cash Flows from Operating Activities:$],[$Net Income,$171,],[\backslash$table$[[$Adjustments to Reconcile Net Income to Net Cash$],[$Provided by Operating Activities:$]]],[$Depreciation$,16,],[$Changes in Current Assets and Current Liabilities$],[$Increase in Accounts Receivable,,$*],[$Decrease in Inventory$],[$Increase in Salaries and Wages Payable$],[,,1],[$Net Cash Provided by Operating Activities,,$187],[$Cash Flows from Investing Activities:$],[$Equipment Purchased,$(155),],[,,],[$Net Cash Provided by Investing Activities,,$(155)],[$Cash Flows from Financing Activities:,$,],[$Obtained Bank Loan,$156,],[$Net Cash Provided by Financing Activities,$,156],[$Net Increase in Cash,,$188],[$Cash$,$ Beginning of Current Year,,$0],[$Cash$,$ End of Current Year,,$188]]$