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 2020Assets Cash$37 $136 Accounts receivable 220 135 Prepaid insurance 12 5 Inventory 291 178 Buildings and equipment 386 353 Less: Accumulated depreciation (122) (243) $824 $564 Liabilities Accounts payable$90 $106 Accrued liabilities 11 13 Notes payable 53 0 Bonds payable 210 0 Shareholders Equity Common stock 403 403 Retained earnings 57 42 $824 $564

RED, INC. Statement of Income For Year Ended December 31, 2021($ in millions)Revenues Sales revenue $2,020 Expenses Cost of goods sold$1,412 Depreciation expense 69 Operating expenses 471 1,952 Net income $68

Additional information from the accounting records:

1. During 2021, $233 million of equipment was purchased to replace $200 million of equipment (95% depreciated) sold at book value.
2. In order to maintain the usual policy of paying cash dividends of $53 million, it was necessary for Red to borrow $53 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.)