Suppose the income statement for Goggle Company reports $103 of net income, ater deducting depreciation of $33. The company bought equipment costing $70 and obtained a long-term bank loan for $78 Required: 1. Calculate the change in each balance sheet account and indicate whether each account relates to operating, investing, andlor financing activities ( for increase and- for decrease). (Select NE if there is no effect. Enter all amounts as positive values. Previous Year Current Year Change 37 S Accounts Receivable 270 137 510 851 S Total Salaries and Wages Payable Notes Payable (long-term) Common Stock Retained Earnings 12 S 447 12 12 Total $1.074 2. Prepare a statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows For the Year Ended December 31 Cash Flows from Operating Activities Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Changes in Cument Assets and Current Liabilities Cash Flows from Investing Activities Cash Flows from Financing Activities 6. Are the cash flows typical of a start-up, healthy, or troubled company? Start-Up Company OHealthy Company Troubled Company