Suppose the income statement for Goggle Company reports $135 of net income, after deducting depreciation of $25. The company bought equipment costing $110 and obtained a long-term bank loan for $120. 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? Answer is not complete. 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.) Previous Year Current Year Change Type 45 Cash $ 320 Accounts Receivable 85 195 Inventory 310 145 550 660 Equipment Accumulated Depreciation-Equipment (35) (60) Total 15 955 $ 1,260 Salaries and Wages Payable is 20 S 70 Notes Payable (long-term) 455 575 Common Stock 20 201 Retained Eamings 460 595 955 is 1.260