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 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). (Select "NE" if there is no effect. Enter all amounts as positive values.) Change Type Cash vable Inventory Equipment Accumulated Depreciation-Equipment Total Salaries and Wages Payable Notes Payable (long-term) Common Stock Retained Earnings Total Previous Year Current Year $ 37 $ 254 77 1791 270 137 510 580 (43) (76) $ 851 $ 1,074 $ 12 $ 54 447 525 12 12 483 380 851 $ $ 1,074 GOGGLE COMPANY 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 Current Assets and Current Liabilities 0 Cash Flows from Investing Activities: 0 Cash Flows from Financing Activities: 0 $ 0 Are the cash flows typical of a start-up, healthy, or troubled company? Start-Up Company Healthy Company Troubled Company