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Suppose the income statement for Goggle Company reports $123 of net income, after deducting depreciation of $28. The company bought equipment costing $95 and obtained a long-term bank loan for $98. 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 methoo. 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 1Required 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 urrent Change Type ear 247 Cash Cash Accounts Receivable Inventory Equipment Accumulated Depreciation 289 189 142 630 (66) 916 $ 1,184 64 550 42 82 295 535 (38) 107Operating 53Operating 9Investing 28Operating Equipment Total Salaries and Wages Payable Notes Payable (long-term) Common Stock Retained Earnings 17 $ 47 Operating 98Financing 17 NEOFinancing 23Operating 452 17 430 553 916 $ 1,184 Total Required 1 Required 2 Depreciation Changes in Current Assets and Current Liabilities Increase in Accounts Receivabl Decrease in Inventory Increase in Salaries and Wages Payable 151 Net Cash Provided by Operating Activities Cash Flows from Investing Activities Equipment Purchased (95) Net Cash Used in Investing Activities Cash Flows from Financing Activities: Obtained Bank Loan 98 Net Cash Provided by Financing Activities Net Increase in Cash Cash, Beginning of Current Year Cash, End of Current Year 98 KRequired 1 Required 6> Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 6 re the cash flows typical of a start-up, healthy, or troubled company? Start-Up Company Healthy Company OTroubled Company Required 2 Required 6

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