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value: 20.00 points Suppose the income statement for Goggle Company reports S95 of net income, after deducting depreciation of $35. The company bought equipment costing

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value: 20.00 points Suppose the income statement for Goggle Company reports S95 of net income, after deducting depreciation of $35. The company bought equipment costing $60 and obtained a long-term bank loan for $70 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). (Select "NE" if there is no effect. Enter all amounts as positive values.) Previous Year Current Year Change Type Cash 35 $ 240 175100 Operating 135 560 60 Investing (80) 205 Cash 75 260 500 (45) 825 $ Accounts Receivable 125 Operating Equipment Accumulated Depreciation- Equipment 35 Operating Total Salaries and Wages Payable Notes Payable (long-term) Common Stock Retained Earnings 1,030 5040 Operating 51570 Financing lof NE 0rFinancing 45595 Operating 10 $ 445 10 360 825 $ Total 1,030

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