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, 2821 and 2020 (in millions) Assets Cash Accounts receivable Prepaid insurance Inventory Buildings and equipment Less: Accumulated depreciation Liabilities Accounts payable Accrued liabilities Notes payable Bonds payable Shareholders' Equity Common stock Retained earnings 2821 2820 $ 39.8 $289.3 159.0 12.2 187.8 6.2 248.0 116.8 457.0 385.8 (192.8) (278.8) $ 724.8 $553.5 $ 98.0 $112.5 11.0 16.0 100.0 8.8 80.0 0.0 480.0 480.0 25.0 $ 724.0 $ 553.5 RED, INC. Statement of Income For Year Ended December 31, 2821 Revenues ($ in millions) Sales revenue Expenses Cost of goods sold Depreciation expense Operating expenses Net Incone $2,880.0 $2,100.0 55.0 535.8 2,600.0 $ 110.0 Additional Information from the accounting records: a. During 2021, $212.0 million of equipment was purchased to replace $140.0 million of equipment (95.0% depreciated) sold at book value. b. In order to maintain the usual policy of paying cash dividends of $100.0 million, it was necessary for Red to borrow $100.0 million from its bank. quired: pare the T-account for Red, Inc. (Enter your answers in millions rounded to 1 decimal place (Le., 5,500,000 should be entered as