suppose the income statment for goggle company reports $139 ney income and after deductibg deprciation $24.

hoducation.com con yo..edu webapps Wap 2 Problems Help sve Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return Suppose the income statement for Goggle Company reports $139 of net income, after deducting depreciation of $24. The company bought equipment costing $115 and obtained a long-term bank loan for $124. 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? Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 required 2 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). (Select "NE" if there is no effect inter all amounts as positive values.) Previous Current Year Type Year Change MacBook Air 80 Dn 2 # 3 $ 4 % 5 6 & 7 8 9 0 W E R T Y I 0 S D F G H Check my work mode : This shows what is correct or incorrect for the work you have complete Prepare a statement of cash flows using the Indirect method. (Amounts to be deducted should be in sign.) GOGGLE COMPANY Statement of Cash Flows For the Year Ended December 31 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Depreciation $ $ 139 24 > Changes in Current Assets and Current Liabilities Increase in Accounts Receivable Decrease in Inventory Increase in Salaries and Wages Payable (111) 169 51 272 Net Cash Provided by Operating Activities Cash Flows from Investing Activities Equipment Purchased (115) Net Cash Used in Investing Activities rah A. (115) 115 atv MacBook Air 80 DOO 000 . F3 F4 FS F6 F7 Teked Changes in Current Assets and Current Liabilities Increase in Accounts Receivable Decrease in Inventory Increase in Salaries and Wages Payable (111) 169 51 > 272 Net Cash Provided by Operating Activities Cash Flows from Investing Activities: Equipment Purchased (115) > (115) Net Cash Used in Investing Activities Cash Flows from Financing Activities: Obtained Bank Loan 124 Net Cash Provided by Financing Activities Net Increase in Cash Cash, Beginning of Current Year Cash, End of Current Year 124 281 46 $ 327 otv 2 MacBook Air Bo DOO 000 F2 F3 F4 F7 23 $ % A & hoducation.com con yo..edu webapps Wap 2 Problems Help sve Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return Suppose the income statement for Goggle Company reports $139 of net income, after deducting depreciation of $24. The company bought equipment costing $115 and obtained a long-term bank loan for $124. 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? Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 required 2 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). (Select "NE" if there is no effect inter all amounts as positive values.) Previous Current Year Type Year Change MacBook Air 80 Dn 2 # 3 $ 4 % 5 6 & 7 8 9 0 W E R T Y I 0 S D F G H Check my work mode : This shows what is correct or incorrect for the work you have complete Prepare a statement of cash flows using the Indirect method. (Amounts to be deducted should be in sign.) GOGGLE COMPANY Statement of Cash Flows For the Year Ended December 31 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Depreciation $ $ 139 24 > Changes in Current Assets and Current Liabilities Increase in Accounts Receivable Decrease in Inventory Increase in Salaries and Wages Payable (111) 169 51 272 Net Cash Provided by Operating Activities Cash Flows from Investing Activities Equipment Purchased (115) Net Cash Used in Investing Activities rah A. (115) 115 atv MacBook Air 80 DOO 000 . F3 F4 FS F6 F7 Teked Changes in Current Assets and Current Liabilities Increase in Accounts Receivable Decrease in Inventory Increase in Salaries and Wages Payable (111) 169 51 > 272 Net Cash Provided by Operating Activities Cash Flows from Investing Activities: Equipment Purchased (115) > (115) Net Cash Used in Investing Activities Cash Flows from Financing Activities: Obtained Bank Loan 124 Net Cash Provided by Financing Activities Net Increase in Cash Cash, Beginning of Current Year Cash, End of Current Year 124 281 46 $ 327 otv 2 MacBook Air Bo DOO 000 F2 F3 F4 F7 23 $ % A &