Comparative balance sheets for 2024 and 2023 , a statement of income for 2024 , and additional information from the accounting records of Red, Incorporated, are provided below: Additional information from the accounting records: a. During 2024, \$212 million of equipment was purchased to replace $180 million of equipment (90\% depreciated) sold at book value. b. In order to maintain the usual policy of paying cash dividends of $43 million, it was necessary for Red to borrow $43 million from its bank. \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ RED, INCORPORATED } \\ \hline \multicolumn{3}{|c|}{ Statement of Cash Flows } \\ \hline \multicolumn{3}{|c|}{ For year ended December 31, 2024 (\$ in millions) } \\ \hline \multicolumn{3}{|l|}{ Cash flows from operating activities: } \\ \hline P & & \\ \hline \multicolumn{3}{|l|}{ Adjustments for noncash effects: } \\ \hline \\ \hline & & \\ \hline \multicolumn{3}{|l|}{ Changes in operating assets and liabilities: } \\ \hline \\ \hline \\ \hline \\ \hline \\ \hline \multicolumn{3}{|l|}{F} \\ \hline \\ \hline \multicolumn{3}{|l|}{ Net cash flows from operating activities } \\ \hline \multicolumn{3}{|l|}{ Cash flows from investing activities: } \\ \hline \\ \hline \\ \hline \multicolumn{3}{|l|}{ F } \\ \hline \multicolumn{3}{|l|}{ Net cash flows from investing activities } \\ \hline \multicolumn{3}{|l|}{ Cash flows from financing activities: } \\ \hline \\ \hline \multicolumn{3}{|l|}{. } \\ \hline \multicolumn{3}{|l|}{. } \\ \hline \\ \hline \multicolumn{3}{|l|}{ Net cash flows from financing activities } \\ \hline \multicolumn{3}{|l|}{ Net increase (decrease) in cash } \\ \hline \multicolumn{3}{|l|}{ Cash balance, January 1} \\ \hline Cash balance, December 31 & & \\ \hline \end{tabular}