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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

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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. During 2024. $230 million of equipment was purchased to replace $180 million of equipment (95\% deprecaated) sold at book value. b. In order to maintain the usual policy of paying cash dividends of $50 million, it was necessary for Red to bortow $50milion from its bank: Required: Prepare 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 onswers in millions (i.e., 10,000,000 should be entered as 10)

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