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	$	32			$	153
Accounts receivable		175				141
Prepaid insurance		9				5
Inventory		300				184
Buildings and equipment		418				359
Less: Accumulated depreciation		(128	)			(249	)
	$	806			$	593
Liabilities
Accounts payable	$	96			$	118
Accrued liabilities		8				12
Notes payable		34				0
Bonds payable		175				0
Shareholders Equity
Common stock		409				409
Retained earnings		84				54
	$	806			$	593

RED, INC. Statement of Income For Year Ended December 31, 2021
($ in millions)
Revenues
Sales revenue				$	2,090
Expenses
Cost of goods sold	$	1,361
Depreciation expense		69
Operating expenses		596			2,026
Net income				$	64

Additional information from the accounting records:

1. During 2021, $259 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 $34 million, it was necessary for Red to borrow $34 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).)