Suppose the income statement for Goggle Company reports $163 of net income, after deducting depreciation of $18. The company bought equipment costing $145 and obtained a long-term bank loan for $148. 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?

This is what I have so far :

Previous Year Current Year Change Type Cash 52 369 + 317 Cash Accounts Receivable 92 209 + 345 152 117 Operating 193 Operating 145 Investing 18 Operating 585 730 Inventory Equipment Accumulated DepreciationEquipment Total + + (28) 1,046 (46) 1,414 $ $ $ 27 $ 84 + Salaries and Wages Payable Notes Payable (long-term) Common Stock 57 Operating 148 (Financing 462 610 + 27 27 NE Retained Earnings 530 693 + 163 Operating Total $ 1,046 $ 1,414 Statement of Cash Flows For the Year Ended December 31 Cash Flows from Operating Activities: Net Income $ 163 Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Depreciation 18 Changes in Current Assets and Current Liabilities Decrease in Inventory 193 Increase in Accounts Receivable (117) Increase in Salaries and Wages Payable 57 314 Net Cash Provided by Operating Activities Cash Flows from Investing Activities: Equipment Purchased (145) Net Cash Used in Investing Activities (145) Cash Flows from Financing Activities: Obtained Bank Loan 148 Net Cash Provided by Financing Activities 148 Net Increase in Cash 317