Suppose the income statement for Goggle Company reports $171 of net income, after deducting depreciation of $16. The company bought equipment costing $155 and obtained a long-term bank loan for $156. 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.)

Suppose the income statement for Goggle Company reports $171 of net income, after deducting depreciation of $16. The company bought equipment costing $155 and obtained a long-term bank loan for $156 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 383 213 154 750 (42) 1,458 54 S 94 355 595 (26) 1,072 S Total Salaries and Wages Payable Notes Payable (long-term) Common Stock Retained Earnings 29 S 464 29 550 1,072 S 620 29 721 1,458 Total