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	$	35			$	134
Accounts receivable		200				143
Prepaid insurance		5				3
Inventory		307				186
Buildings and equipment		422				361
Less: Accumulated depreciation		(130	)			(251	)
	$	839			$	576
Liabilities
Accounts payable	$	98			$	122
Accrued liabilities		4				9
Notes payable		61				0
Bonds payable		173				0
Shareholders Equity
Common stock		411				411
Retained earnings		92				34
	$	839			$	576

RED, INC. Statement of Income For Year Ended December 31, 2021
($ in millions)
Revenues
Sales revenue				$	2,110
Expenses
Cost of goods sold	$	1,424
Depreciation expense		41
Operating expenses		526			1,991
Net income				$	119

Additional information from the accounting records:

1. During 2021, $241 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 $61 million, it was necessary for Red to borrow $61 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.)

Answer is not complete. RED, INC. Statement of Cash Flows For year ended December 31, 2021 ($ in millions) Cash flows from operating activities: Cash inflows: From customers Cash outflows: For operating expenses $ 0 Net cash flows from operating activities Cash flows from investing activities: Purchase of equipment Sale of equipment 0 Net cash flows from investing activities Cash flows from financing activities: Issuance of bonds payable Issuance of note payable Payment of dividends ololol 0 0 Net cash flows from financing activities Net increase (decrease) in cash Cash balance, January 1 Cash balance, December 31 0