suppose the income statement for Q0ggle?omp?ny reports $175 ot net in oorneatter deducting depreciation of $15. The company bought equipment coating $160 and obtained a long-teim bank loan for $164. 2. Prepare a statement of oash flous using the indireot method. Amounts to be deducted should be indicated witha minus sign.) OGGLE COMPANY 1. Calculate the change in each balance sheet aooount and indioate whether eaoh aocount relates to State ment of Cash Flows operating. investing. andiot inancing activities fot increase and- for decrease) (Select '"NE" in there i no effect. Enter all amounts a# Positive values.) For the Year Ended r 31 Cash Flone from Operating Activities: Previous Year Current Year Change et Income 175 Type 304Operating 215120 petating (205) Operating 100 Investing Adjustments to Reconcile Net Income to Net Cash erating Aotiviti es: Cash 65 Provided b Accounts Recevable cprecistion 15 165 Changes in Current Assets and Current Liabilities Equipment Accumulated Depreciation Equipment Increaze in Account Receivable Decrease in Inventory Increase in Salaries and Wages Psyable 120 (40): 1.404 "?rf (1 :[Operating Total Salaries and Wages Payable Notes Payable (long-term) Common Stock Retained Eaning 1,005 60 90B0)Ope ating +? (164) Financing 629 575 30 NE Cash Floves from Iwesting Activities: 735 +175 quipment Purchased 100 Total 085 1.484 160 Cash Flone from Financing Adtivities: sh, D sh, End of Current Year Beginning of Curent Year 304 6. Are the cash flovs typical of a startup, healthy, or troubled company? O Start-Up Company O He althy Company Troubled Company