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:

1. During 2021, $248 million of equipment was purchased to replace $180 million of equipment (90% depreciated) sold at book value.
2. 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.)