Suppose the income statement for Goggle Company reports $115 of net income, after deducting depreciation of $30. The company bought equipment costing $85 and obtained a long-term bank loan for $90.

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). (Put "NE" if there is no effect. Enter all amounts as positive values.)

	Previous Year	Current Year	Change		Type
Cash	$40	$275
Accounts Receivable	80	185
Inventory	285	140
Equipment	525	610
Accumulated Depreciation - Equipment	(40)	(70)
Total	$890	$1,140
Salaries and Wages Payable	$15	$60
Notes Payable (long-term)	450	540
Common Stock	15	15
Retained Earnings	410	525
Total	$890	$1,140