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Chec Suppose the income statement for Goggle Company reports $175 of net income, after deducting depreciation of $15. The company bought equipment costing $160 and obtained a long-term bank loan for $164. 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? Complete this question by entering your answers in the tabs below. 6. Are ine casn Tows typical or a start-up, neaitny, or troublea 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 operatir financing activities (+ for increase and - for decrease). (Select "NE" if there is no effect. Enter all amount values.) Previous Year Current Year Change Type 55 394 95 215 360 155 600 760 Cash Accounts Receivable Inventory Equipment Accumulated Depreciation Equipment Total Salaries and Wages Payable Notes Payable (long-term) Common Stock $ (25) 1,085 $ 30 $ (40) 1,484 90 $ 465 629 30 30 Prepare a statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a 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