Suppose the income statement for Goggle Company reports $111 of net income, after deducting depreciation of $31. The company bought equipment costing $80 and obtained a long-term bank loan for $86. The company's comparative balance sheet, at December 31, is presented here. Required: 1. Calculate the change in each balance sheet account and indicate whether each account relates to operating, investing, and/or financing activities (+for increase and for decrease) 2. Prepare a statement of cash flows using the indirect method. 6. Are the cash flows typical of a start-up, healthy, or troubled company? Calculate the change in each balance sheet account and indicate whether each account relates to operating, investing, and/or financing activities (+for increase and - for decrease). (Select "NE" if there is no effect. Enter all amounts as positive values.) Previous Year 39 79 280 520 (41) Current Year 268 183 139 600 (72) 1,118 58 535 Change Type Cash Accounts Receivable Inventory Equipment Accumulated Depreciation-Equipment 877$ Total laries and Wages Payable Notes Payable (long-term) Common Stock Retained Earnings 14 $ 449 14 400 511 877$ 1,118 Total