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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

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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. Durting 2024,$272 milion of equipment was purchased to replace $210 million of equipment ( 80% depreclated) sold at book value b. In order to maintain the usual policy of paying cash dividends of $62 million, It was necessary for Red to borrow $62 million from tis bank. Requlred: Prepare the statement of cash flows of Red, Incorporated, for the year ended December 31, 2024, using the direct method to report operating activities. Note: Enter your answers in millions (1.e., 10,000,000 should be entered as 10). Cosh outflows should be indicated with a minus sign

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