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, $243 million of equipment was purchased to replace $180 million of equipment (90\% depreciated) soid at book value b. In order to maintain the usual policy of paying cash dividends of $63 mition, it was necessary for Red to borrow $63 million from its bank Required: Prepare the statement of cash flows of Red, inc, using the direct method to report operating activities. (Enter your answers in millions (i.e., 10,000,000 should be entered os 10 ). Amounts to be deducted should be indicated with a minus sign.) Required: Prepare the statement of cash flows of Red, Inc., using the direct method to report operating activities. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10 ). Amounts to be deducted should be indicated with o minus sign.) \begin{tabular}{|l|l|} \hline Cash outflows: & \\ \hline & \\ \hline Net cash flows from operating activities & \\ \hline Cash flows from investing activities: & \\ \hline & \\ \hline & \\ \hline Net cash flows from investing activites & \\ \hline Cash flows from financing activities: \\ \hline & \\ \hline & \\ \hline Net cash flows from financing activites \\ \hline Net increase (decrease) in cash \\ \hline Cash balance, January 1 & \\ \hline Cash balance, December 31 \\ \hline \end{tabular}