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	$	29			$	114
Accounts receivable		188				137
Prepaid insurance		14				6
Inventory		252				180
Buildings and equipment		453				355
Less: Accumulated depreciation		(124	)			(245	)
	$	812			$	547
Liabilities
Accounts payable	$	95			$	110
Accrued liabilities		13				20
Notes payable		25				0
Bonds payable		162				0
Shareholders Equity
Common stock		405				405
Retained earnings		112				12
	$	812			$	547

RED, INC. Statement of Income For Year Ended December 31, 2021
($ in millions)
Revenues
Sales revenue				$	2,030
Expenses
Cost of goods sold	$	1,430
Depreciation expense		41
Operating expenses		434			1,905
Net income				$	125

Additional information from the accounting records:

1. During 2021, $278 million of equipment was purchased to replace $180 million of equipment (90% depreciated) sold at book value.
2. In order to maintain the usual policy of paying cash dividends of $25 million, it was necessary for Red to borrow $25 million from its bank.

Required: Prepare the statement of cash flows for Red, Inc., using the indirect method to report operating activities. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)