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	$	41			$	165
Accounts receivable		192				149
Prepaid insurance		15				8
Inventory		319				192
Buildings and equipment		434				367
Less: Accumulated depreciation		(136	)			(257	)
	$	865			$	624
Liabilities
Accounts payable	$	104			$	134
Accrued liabilities		14				20
Notes payable		67				0
Bonds payable		178				0
Shareholders Equity
Common stock		417				417
Retained earnings		85				53
	$	865			$	624

RED, INC. Statement of Income For Year Ended December 31, 2021
($ in millions)
Revenues
Sales revenue				$	2,170
Expenses
Cost of goods sold	$	1,469
Depreciation expense		69
Operating expenses		533			2,071
Net income				$	99

Additional information from the accounting records:

1. During 2021, $267 million of equipment was purchased to replace $200 million of equipment (95% depreciated) sold at book value.
2. In order to maintain the usual policy of paying cash dividends of $67 million, it was necessary for Red to borrow $67 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.)