Comparative balance sheets for 2024 and 2023, s statement of income for 2024 , and additional informotion from the accounting records of Red, Incorporated, are provided below: Additionat information from the accounting recards: a. During 2024,$230 milion of equipment was purchased to replace $180 million of equipment (95\% depreciated) sold at book value its bank. Statement of Cash Flows For year ended December 31, 2024 (\$ in millions) Cash flows from operating activities: Cash inflows