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.

RED, INC. Comparative Balance Sheets December 31, 2021 and 2020 ($ in millions)
	2021				2020
Assets
Cash	$	38			$	110
Accounts receivable		215				146
Prepaid insurance		13				7
Inventory		280				200
Buildings and equipment		428				364
Less: Accumulated depreciation		(133	)			(254	)
	$	841			$	573
Liabilities
Accounts payable	$	101			$	128
Accrued liabilities		12				17
Notes payable		64				0
Bonds payable		150				0
Shareholders Equity
Common stock		414				414
Retained earnings		100				14
	$	841			$	573

RED, INC. Statement of Income For Year Ended December 31, 2021
($ in millions)
Revenues
Sales revenue				$	2,140
Expenses
Cost of goods sold	$	1,447
Depreciation expense		23
Operating expenses		520			1,990
Net income				$	150

Additional information from the accounting records:

1. During 2021, $244 million of equipment was purchased to replace $180 million of equipment (80% depreciated) sold at book value.
2. In order to maintain the usual policy of paying cash dividends of $64 million, it was necessary for Red to borrow $64 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 as 10). Amounts to be deducted should be indicated with a minus sign.)

RED, INC.
Statement of Cash Flows
For year ended December 31, 2021 ($ in millions)
Cash flows from operating activities:
Cash inflows:
Cash outflows:
Net cash flows from operating activities		$0
Cash flows from investing activities:
Net cash flows from investing activities		0
Cash flows from financing activities:
Net cash flows from financing activities		0
Net increase (decrease) in cash		0
Cash balance, January 1
Cash balance, December 31		$0