Comparative balance sheets for $2024$ and $2023,$ a statement of income for $2024,$ and additional information from the accounting

records of Red, Incorporated, are provided below:

Additional information from the accounting records:

a$.$ During $2024,$ $$243$ million of equipment was purchased to replace $$180$ million of equipment $(90\%$ depreciated$)$ sold at book

value.

b$.$ In order to maintain the usual policy of paying cash dividends of $$73$ million, it was necessary for Red to borrow $$73$ million from

its bank.

Required:

Prepare the statement of cash flows for Red, Incorporated, using the indirect method to report operating activities.

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

$.$