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 under Tab 1 below. 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.) Previous Year Current Year Change Cash 35 240 Accounts Receivable 75 175 Inventory 260 135 Equipment 500 560 Accumulated Depreciation-Equipment (45) (80) Total $ 825 $ 1,030 Salaries and Wages Payable $ 10 $ 50 Notes Payable (long-term) 445 515 Common Stock 10 10 Retained Earnings Total 360 455 $ 825 $ 1,030 < Required 1 Required 2 >