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en below. All Comparative Balance Sheets and some additional information for Red Company are giv figures in the table below are in millions of dollars.

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en below. All Comparative Balance Sheets and some additional information for Red Company are giv figures in the table below are in millions of dollars. Red reports on a fiscal year ending December 31 25 20 90 (20) 135 225 420 (170) 700 Accounts Receivable (15) 160 200 420 160) 675 Allowance for Bad Debts Plant and Equipment Accumulated Depreciation Total Assets Accounts Payable Taxes Payable Long term Debt Contributed Capital Retained Earnings Total Liabilities and Equity 30 20 255 330 80 700 265 290 675 Additional Information Red's net income for calendar year 2001 was $50 million. During 2001, Red sold plant and equipment with an original acquisition cost of $50 million at a loss of $10 million. Red's depreciation expense for 2001 was S25 million. 1. 2. 3. Prepare in good form Red's Cash Flow Statement for 2001

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