Suppose the income statement for Goggle Company reports $99 of net income, after deducting depreciation of $34. The company bought equipment costing $65 and obtained a long-term bank loan for $114. 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.) Change Type Previous Year Current Year 36 287 Cash Accounts Receivable 76 177 136 265 505 (44) 838 570 (78) 1,092 52 $ Inventory Equipment Accumulated Depreciation Equipment Total Salaries and Wages Payable Notes Payable (long-term) Common Stock Retained Earnings Total $ $ 11 $ 446 560 11 11 370 838 469 1,092 $ $ Prepare a statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) GOGGLE COMPANY Statement of Cash Flows For the Year Ended December 31 Cash Flows from Operating Activities: Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Changes in Current Assets and Current Liabilities: Cash Flows from Investing Activities: Cash Flows from Financing Activities: Required 6 > Cash, Beginning of Current Year Cash, End of Current Year Decrease in Accounts Receivable Decrease in Inventory Are the cash flows typical of a start-up, healthy, or troubled company? Ostart-Up Company Healthy Company Troubled Company