Suppose the income statement for Goggle Company reports $$95$ of net income, after deducting depreciation of $$35.$ The company

bought equipment costing $$60$ and obtained a long$-$term bank loan for $$70.$ The company's comparative balance sheet, at December

$31,$ is presented here.

Required:

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$).$

Prepare a statement of cash flows using the indirect method.

Are the cash flows typical of a start$-$up$,$ healthy, or troubled company?

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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.$)$