Depreciation expense For operating expenses From customers Issuance of bonds payable Issuance of note payable Issuance of note payable Payment of dividends Purchase of equipment Sale of equipment To suppliers of goods 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, \$244 million of equipment was purchased to replace $180 million of equipment (80\% depreciated) sold at book value. b. In order to maintain the usual policy of paying cash dividends of $64 million, it was necessary for Red to borrow $64 million from its bank. Required: Prepare the statement of cash flows of Red, Incorporated, for the year ended December 31,2024 , using the direct method to report a. During 2024 , $244 million of equipment was purchased to replace $180 million of equipment (80\% depreciated) sold at book value. b. In order to maintain the usual policy of paying cash dividends of $64 million, it was necessary for Red to borrow $64 million from its bank. equired: repare the statement of cash flows of Red, Incorporated, for the year ended December 31, 2024, using the direct method to report perating activities. lote: Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Cash outflows should be indicated with a minus ign