Comparative balance sheets for $2021$ and $2020,$ a statement of income for $2021,$ and additional information from the accounting

records of Red, Inc., are provided below.

Additional information from the accounting records:

a$.$ During $2021,$ $$240$ million of equipment was purchased to replace $$180$ million of equipment $(90\%$ depreciated$)$ sold at book value.

b$.$ In order to maintain the usual policy of paying cash dividends of $$32$ million, it was necessary for Red to borrow $$32$ million from its

bank.

Required:

Prepare the statement of cash flows for Red, Inc., using the indirect method to report operating activities. $($Amounts to be deducted

should be indicated with a minus sign. Enter your answers in millions $($i$.$e$.,10,000,000$ should be entered as $10).)$