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,$248 mililon of equipment was purchased to replace $180 million of equipment (90% depreciateo) sold at book value. b. In order to maintain the usual policy of paying cash dividends of $68 million, it was necessaty for Red to borrow $68 million from its bank. Required: Prepere the statement of cash flows for Red, Incorporated, using the indirect method to report operating activities. Note: Cash outflows should be indicated with a minus sign. Enter your answers in millions (l.e., 10,000,000 should be entered as RED, INCORPORATED Statement of Cash Flows For year ended December 31, 2024 (\$ in millions) Cash flows from operating activities. Adjustments for noncash effects: Changes in operating assets and liabilites