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,$$$241$ million of equipment was purchased to replace $$180$ million of equipment $(90\%$ depreciated$)$ sold at book

value.

b$.$ In order to maintain the usual policy of paying cash dividends of $$61$ million, it was necessary for Red to borrow $$61$ million from

its bank.

Required:

Prepare the statement of cash flows of Red, Incorporated, for the year ended December $31,2024,$ using the direct method to report

operating activities.

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

sign.