Suppose the income statement for Goggle Company reports $$151$ of net income, after deducting depreciation of $$21.$ The company bought equipment costing $$130$ and obtained a long$-$term bank loan for $$136.$ The company$$s comparative balance sheet, at December $31,$ is presented here.

Required:

$1.$ 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$).$

$2.$ Prepare a statement of cash flows using the indirect method.

$6.$ Are the cash flows typical of a start$-$up$,$ healthy, or troubled company?Suppose the income statement for Goggle Company reports $$151$ of net income, after deducting depreciation of $$21.$ The company

bought equipment costing $$130$ and obtained a long$-$term bank loan for $$136.$ 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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Are the cash flows typical of a start$-$up$,$ healthy, or troubled company?

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