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 $ 25 $112 Accounts receivable 180 133 Prepaid insurance Inventory 8 4 287 176 Buildings and equipment 402 351 Less: Accumulated depreciation (120) (241) $ 782 $ 535 Liabilities Accounts payable Accrued liabilities Notes payable Bonds payable Common stock Shareholders' Equity Retained earnings RED, INC. Statement of Income For Year Ended December 31, 2021 Revenues ($ in millions) $ 88 7 $ 102 13 51 e 161 401 401 74 19 $ 782 $ 535 Sales revenue $2,010 Expenses Cost of goods sold Depreciation expense Operating expenses Net income $1,414 41 449 1,904 $ 106 Additional information from the accounting records: a. During 2021, $231 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 $51 million, it was necessary for Red to borrow $51 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 (l.e., 10,000,000 should be entered as 10). Amounts to be deducted should be Indicated with a minus sign.)