?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.

Suppose the income statement for Goggle Company reports $163 of net income, after deducting depreciation of S18. The company bought equipment costing S145 and obtained a long-term bank loa for S148. 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 current Year Change Type Cash S 52 369 Accounts Receivable 92 209 Inventory Equipment Accumulated Depreciation Equipment (28) (46) Total 1.046 1414 Salaries and Wages Payable 27 462 610 Notes Payable (long-term) Common stock 27 27 530 693 Retained Earnings Total 1,414 1,046