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 cympany?

Complete this question by entering your answers in the tabs below.

$\backslash$table$[[$Required$],[1]]$ Required Required

Prepare a statement of cash flows using the indirect method. $($Amounts to be deducted

should be indicated with a minus sign.$)$

$\backslash$table$[[$GOGGLE COMPANY$],[$Statement of Cash Flows$],[$For the Year Ended December $31],[\backslash$table$[[$Cash Flows from Operating$],[$Activities:$]],,],[$Net Income,$$95v,],[\backslash$table$[[$Adjustments to Reconcile Net$],[$Income to Net Cash Provided by$],[$Operating Activities:$]],,],[$Depreciation$,$$$35V,],[\backslash$table$[[$Changes in Current Assets and$],[$Current Liabilities$]],,],[,,],[,,],[,,130],[\backslash$table$[[$Cash Flows from Investing$],[$Activities:$]],,],[$Equipment Purchased,$60x,],[,,60],[\backslash$table$[[$Cash Flows from Financing$],[$Activities:$]],,],[$Paid Bank Loan,,$],[$Cash$,$ End of Current Year,$70(x),],[,,140],[,,],[,,0]]$