Suppose the income statement for Goggle Company reports $159 of net income, after deducting depreciation of $19. The company bought equipment costing $140 and obtained a long term bank loan for $144 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). (Select "NE" if there is no effect. Enter all amounts as positive values.) Previous Year Current Year Change Type Cash Accounts Receivable Inventory Equipment Accumulated Depreciation-Equipment 51 S 362 207 151 720 (48) 1,392 82 605 26 679 1,392 91 340 580 (29) Total Salaries and Wages Payable Notes Payable (long-term) Common Retained Earnings 1,033 S 26 S 461 26 520 1,033 S Stock Total 2. Prepare a statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) 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 Cash Flows from Investing Activities: Cash Flows from Financing Activities: 6. Are the cash flows typical of a start-up, healthy, or troubled company? Start-Up Company O Healthy Company Troubled Company