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 recordis. a. During 2024, $230 million of equipment was purchased to replace $180 million of equipment (95\% depreciated) sold at book value b. In order to maintain the usual policy of paying cash dividends of $50 milion, it was necessary for Red to borrow $50 milion from its bank Required: Required: Prepare the statement of cash flows of Red, incorporated, for the year ended December 31, 2024, using the direct method to repont operating activities. Note: Enter your answers in millions (i.e., 10,000,000 should be entered os 10). Cash outfows should be indicated with a minus sign. Statement of Cash Flows For year ended December 31, 2024 (S in millions) Cash flows from operating activities: Cash inflows: Net cash flows from operating activities Cash flows from investing activities: Net cash flows from investing activities Cash flows from financing activities