Suppose the income statement for Goggle Company reports $107 of net income, after deducting depreciation of $32. The com

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Suppose the income statement for Goggle Company reports $107 of net income, after deducting depreciation of $32. The company bought equipment costing $75 and obtained a long-term bank loan for $82. The company’s comparative balance sheet, at December 31, is presented here.
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3 Answer is not complete. 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 operating, investing, and/or financing activities (+ for increase and for decrease). (Select "NE" if there is no effect. Enter all amounts as positive values.) Type Cash Accounts Receivable Inventory Equipment Accumulated Depreciation Equipment Total Salaries and Wages Payable Notes Payable (long-term) Common Stock Retained Earrings Total Previous Year $ $ 38 78 275 515 (42) 864 13 448 Current Year $ $ $ 13 390 864 Required f $ 261 181 138 590 (74) ,096 56 530 13 497 1,096 Change 223 +0 103 Operating -0 137 Operating 75 Investing 32 Operating O . 000 +0 +0 43 Operating +0 82 Financing NEO 0 Financing +G 107 Required 2 > 0000 000
GOGGLE COMPANY Statement of Cash Flows For the Year nded December 31 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Depreciation Decrease in Inventory Changes in Current Assets and Current Liabilities Increase in Accounts Receivable Increase in Salaries and Wages Payable Cash Flows from Investing Activities: Equipment Purchased Cash, End of Current Year Cash Flows from Financing Activities: ✓ x $ LA $ $ LA 107 32 137 x Prev 276 0