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 5 41 5 165 Accounts receivable 192 149 Prepaid insurance 15 8 Inventory 319 192 Buildings and equipment 434 367 Less: Accumulated depreciation (136) (257) 5 865 $ 624 Liabilities Accounts payable $ 104 $ 134 Accrued abilities 14 20 Notes payable 67 10 Bonds payable 178 Shareholders' Equity Common stock 412 417 Retained earnings 35 5 $365 OM P RED, INC. statement of Incone For Year Ended December 31, 2021 ($ in millions) Revenues Sales revenue 52,170 Expenses Cost of goods sold $1,469 Depreciation expense 69 Operating expenses 59 2,021 Net Income 5 99 Additional information from the accounting records a. Dung 2021, $267 million of equipment was purchased to replace $200 million of equipment (95% depreciated) sold at book value b. In order to maintain the usual policy of paying cash dividends of S67 million, it was necessary for Red to borrow $67 million from its bank prepare the statement of cash Tows OT Hea, Inc., using the direct method to report operating activities (enter your answers in mu (i.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 Flows For year ended December 31, 2021 (S in millions) Cash flows from operating activities Cash inflows: From customers Cash outfiows For operating expenses Nel cash flows from operating activities Cash flows from investing activities Net cash flows from investing acties Cash flows from financing activities