Suppose the income statement for Goggle Company reports $103 of net income, after deducting depreciation of $33. The company bought equipment costing $70 and obtained a long-term bank loan for $78. 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? Complete this question by entering your answers in the tabs below. 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) GOGGLE COMPANY Statement of Cash For the Year Ended December 31 Cash Flows from Operating Activities Net Income Adments to Reconcile Net Income to Net Cash Provided by Operating Activities Depreciation $ S 130 33 Changes in uten Ass and Content is Inici in Accounts Receivable Daca te inventory Ioan Sales and Waga Payne Requeu- Neyuncu 2 Neyne Prepare a statement of cash flows using the indirect method. (Amounts to be deducted sign.) GOGGLE COMPANY Statement of Cash Flows For the Year Ended December 31 Cash Flows from Operating Activities Net Income Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Depreciation 130 33 Changes in Current Assets and Current Liabilities Increase in Accounts Receivable Decrease in Inventory Increase in Salaries and Wages Payable 163 Nel Cash Provided by Operating Activities Cash Flows from Investing Activities: Equipment Purchased 0 Cash Flows from Financing Activities: 0 Net Increase in Cash Cash Beginning of Current Year Cash. End of Current Year 5 0