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:

$1.$ 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$).$

$2.$ Prepare a statement of cash flows using the indirect method.

$6.$ Are the cash flows typical of a start$-$up$,$ healthy, or troubled company? Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

Required $6$

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.$)$

$\backslash$table$[[,\backslash$table$[[$Previous$],[$Year$]],\backslash$table$[[$Current$],[$Year$]],$Change,Type$],[$Cash$,$$$,35,$$$,240,$ox$,$ox$],[$Accounts Receivable,,$75,,175,$x$,$x$,$x$],[$Inventory$,,260,,135,$ox$,$ox$,$ox$],[$Equipment$,,500,,560,$x$,$ox$,$x$],[$Accumulated Depreciation$-$Equipment,,$(45),,(80),$x$,$ox$,$x$],[$Total$,$$$,825,$$$,1,030,,,],[$Salaries and Wages Payable,$$,10,$$$,50,$x$,$ox$,$ox$],[$Notes Payable $($long$-$term$),,445,,515,$ox$,$ox$,$ox$],[$Common Stock,,$10,,10,$ox$,\backslash$theta $,$ox$],[$Retained Earnings,,$360,,455,$x$,\backslash$alpha $,$x$],[$Total$,$$$,825,$$$,1,030,,,]]$