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Comparative Balance Sheets and sonny additional information for Red Company are given below. All figures in the table below are in millions of dollars. Red
Comparative Balance Sheets and sonny additional information for Red Company are given below. All figures in the table below are in millions of dollars. Red reports on a fiscal year ending December 31^st. Additional Information Red's net income for calendar year 2001 was $50 million. During 2001, Red sold plant and equipment with an original acquisition cost of $50 million at a loss of $10 million. Red's depreciation expense for 2001 was $25 million. Prepare in good form Red's Cash Flow Statement for 2001
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