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,$277 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 $54 million, it was necessary for Red to borrow $54 million from its bank