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:RED, INCORPORATEDComparative Balance SheetsDecember $31,2024$ and $2023($$ in millions$)20242023$AssetsCash $ $30$ $ $122$Accounts receivable $190138$Prepaid insurance $139$Inventory $254181$Buildings and equipment $455356$Less: Accumulated depreciation $(125)(246)$$ $817$ $ $560$LiabilitiesAccounts payable $ $97$ $ $112$Accrued liabilities $1221$Notes payable $360$Bonds payable $1620$Shareholders$$ EquityCommon stock $406406$Retained earnings $10421$$ $817$ $ $560$RED, INCORPORATEDStatement of IncomeFor Year Ended December $31,2024($$ in millions$)$RevenuesSales revenue $ $2,080$ExpensesCost of goods sold $ $1,444$Depreciation expense $31$Operating expenses $4861,961$Net income $ $119$Additional information from the accounting records:During $2024,$ $$289$ million of equipment was purchased to replace $$190$ million of equipment $(80\%$ depreciated$)$ sold at book value.In order to maintain the usual policy of paying cash dividends of $$36$ million, it was necessary for Red to borrow $$36$ 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 $10).$