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Additional information from the occounting records: . During 2024,$278 million of equipment wss purchssed to reploce $180 million of equipment (90% deprecistec) sold st book

image text in transcribed Additional information from the occounting records: . During 2024,$278 million of equipment wss purchssed to reploce $180 million of equipment (90\% deprecistec) sold st book volue. b. In order to maintain the usual policy of paying cash dividends of $25 million, it wos necessary for Red to borrow $25 million from its bonk. Required: Prepsre the ststement of cash flows for Red, Incorporsted, using the indirect method to report operating sctivities. Note: Cash outflows should be indicated with a minus sign. Enter your answers in millions (l.e., 10,000,000 should be entered as 10)

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