Suppose the income statement for Goggle Company reports $175 of net income, after deducting depreciation of $15. The company bought equipment costing $160 and obtained a long- term bank loan for $164 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.) Type alares and Wages Payable etained Eamings 2 Prepare a statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) of Cash Flow Cash Flows m Operating Activties Changes in Current Assets and Curent Liabiies Cash Flows from Fnancing Acvi