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 (5 in millions) 2021 2020 Assets Cash $36 $ 142 Accounts receivable 209 144 Prepaid insurance 12 8 Inventory 260 187 Buildings and equipment 424 362 Less: Accumulated depreciation (131) (252) 5 810 $ 591 Liabilities Accounts payable $99 $ 124 Accrued liabilities 11 14 Notes payable 62 Bonds payable 147 0 Shareholders' Equity Common stock 412 412 Retained earnings 79 41 $ 810 $ 591 RED, TIC Statement of Income For Year Ended December 31, 2021 (5 in millions) Revenues Sales revenue $2,200 Expenses Cost of goods sold $1,528 Depreciation expense 47 Operating expenses 2100 Net Inc 100 Additional information from the accounting records a. During 2021, $272 million of equipment was purchased to replace $210 million of equipment (80% depreciated) sold at book value. b. In order to maintain the usual policy of paying cash dividends of S62 million, it was necessary for Red to borrow $62 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.)