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 $ 42 $ 138 Accounts receivable 194 150 Prepaid insurance 14 8 Inventory 300 193 Buildings and equipment 436 368 Less: Accumulated depreciation (137 ) (258 ) $ 849 $ 599 Liabilities Accounts payable $ 105 $ 136 Accrued liabilities 13 21 Notes payable 68 0 Bonds payable 144 0 Shareholders Equity Common stock 418 418 Retained earnings 101 24 $ 849 $ 599 RED, INC. Statement of Income For Year Ended December 31, 2021 ($ in millions) Revenues Sales revenue $ 2,180 Expenses Cost of goods sold $ 1,468 Depreciation expense 41 Operating expenses 526 2,035 Net income $ 145 Additional information from the accounting records: During 2021, $248 million of equipment was purchased to replace $180 million of equipment (90% depreciated) sold at book value. In order to maintain the usual policy of paying cash dividends of $68 million, it was necessary for Red to borrow $68 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.)