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 (sin sillions) 282 2020 Assets cash $ 28 5114 Accounts receivable 184 Prepaid insurance 13 Inventory 250 179 Buildings and equipment 451 354 Less Accumulated depreciation (123) (244) S 3 5547 Liabilities Accounts payable S 93 1108 Accrued liabities 12 18 Notes payable 54 Bonds payable Shareholders' Equity Como Stock 484 Retained earnings 68 12 5803 $ 54 123 RED, INC Statement of Income Yor Year Ended December 11, 2011 (1) Nons) Revenues Sales revenue 12.02 Expenses Cont of good old 31,416 Depreciation expense Operating expenses 11 Net income 51 Additional Information from the accounting records a. During 2021. $277 million of equipment was purchased to replace $180 million of equipment (90% deprecated) sold at book value b. In order to maintain the usual policy of paying cash dividends of S54 million, it was necessary for Red to borrow $54 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 (l.e., 10,000,000 should be entered as 10). Amounts to be deducted should be indicated with a minus sign.) RED INC Statement of Cash Flow For yet anded December 31, 20216 in millions) Cash flows from operating sites Cash inflows Cash outflows Nel cash flows from operating activities Cash flows from investing activities 5 Net cash Bows from investing activities Cash flows from financing activities 0 0 Netcash fowl from financing alive Net increase (decrease in Cash balance, January! Cuen balance, December 3 0