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 companys comparative balance sheet, at December 31, is presented here.

Required:

1. 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. 2. Prepare a statement of cash flows using the indirect method.
3. 6. Are the cash flows typical of a start-up, healthy, or troubled company?