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.

	Previous Year	Current Year	Change		Type
Cash	$52	$369	+	317	Operating
Accounts Receivable	92	209	+	117	Operating
Inventory	345	152	-	193	Operating
Equipment	585	730	+	145	Investing
Accumulated Depreciation - Equipment	(28)	(46)	-	18	Operating
Total	$1,046	$1,414
Salaries and Wages Payable	$27	$84	+	57	Operating
Notes Payable (long-term)	462	610	+	148	Financing
Common Stock	27	27	NE	0
Retained Earnings	530	693	+	163	Operating
Total	$1,046	$1,414

Prepare a statement of Cash Flows using the indirect method. (Fill in the boxes with an x--if needed)

GOGGLE COMPANY
Statement of Cash Flows
For the Year Ended December 31
Cash Flows from Operating Activities:
Net Income		X
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
X	X
X	X
Changes in Current Assets and Current Liabilities
X	X
X	X
X	X
X	X
X		0
Cash Flows from Investing Activities:
X	X
X	X
X		0
Cash Flows from Financing Activities:
X	X
X	X
X		0
X		X
X		X
X		$0